28 Old Shipyard LnHanoverMA02339
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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
Investment Highlights
Investment property for sale in Hanover at 28 Old Shipyard Ln, Hanover, MA, 02339 with 5% annual appreciation on a $1,299,000 basis while $5,754/mo rent supports operations. 43% in year one. Equity gained on principal adds $8,382/yr, and five-year appreciation sums $358,890 alongside rental yield of 5.32%. Five-year ROI measures 68.16% and total cumulative return in cash totals $286,885. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,754/mo property income versus a $6,358/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02339, Hanover, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,722 (100%) |
| Owner Occupied HU | 4,513 (78.9%) |
| Renter Occupied HU | 1,041 (18.2%) |
| Vacant Housing Units | 168 ( 2.9%) |
| Median Home Value | $784,097 |
| Average Home Value | $821,269 |
Housing Distribution
Address Breakdown
Residential
5,605
Single Family
4,607
Multi-Family
998
Businesses
932
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Listed by: Lisa Coyne • Coldwell Banker Realty - Hingham
Mls Name: MLS PIN
Mls ID: #73429168