24 Winthrop Shore Dr #2WinthropMA02152
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Winthrop at 24 Winthrop Shore Dr #2, Winthrop, MA, 02152 at $450,000 posts ROI 22.86% with $366/mo cash flow from $3,203/mo rent. Total monthly income equals $3,203/mo, and annual cash flow records $4,395/yr on $149,175 to close. Return on cash invested measures 22.86% and rental yield reads 8.54% at the current $450,000. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 by year five. Five-year ROI prints 118.81% and total cumulative return in cash totals $177,234.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,203/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1902
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02152, Winthrop, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,635 (100%) |
| Owner Occupied HU | 4,584 (53.1%) |
| Renter Occupied HU | 3,489 (40.4%) |
| Vacant Housing Units | 562 ( 6.5%) |
| Median Home Value | $676,324 |
| Average Home Value | $712,386 |
Housing Distribution
Address Breakdown
Residential
7,816
Single Family
5,693
Multi-Family
2,123
Businesses
424
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Listed by: Kevin Ferrara • Cottage Hill Real Estate
Mls Name: MLS PIN
Mls ID: #73410030