24 River Point Dr #6, Ipswich, MA, 01938 | 6.35% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Total monthly income runs $3,648/mo, and a $3,372/mo payment. Purchase price stands at $689,000, and rental yield measures 6.35% with $3,648/mo rent. Return on cash invested shows 16.38% in year one, and 5% annual appreciation builds toward $190,358 over five years. Five-year ROI reaches 84.06% and total cumulative return in cash records $190,554. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,648/mo property income covering a $3,372/mo payment rather than investor’s personal income.

Townhouse

Built in 2008

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 01938, Ipswich, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,602 (100%)
Owner Occupied HU	4,449 (67.4%)
Renter Occupied HU	1,664 (25.2%)
Vacant Housing Units	489 ( 7.4%)
Median Home Value	$847,148
Average Home Value	$923,822