29 Ocean AveHalifaxMA02338
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
Rental property for sale in Halifax at 29 Ocean Ave, Halifax, MA, 02338 generates $3,269/mo in rent, after a $2,702/mo payment. Total monthly income is $3,269/mo. Return on cash invested sits at 18.67% in year one, and rental yield is 7.11% on a $552,000 entry. Equity gained on principal adds $3,562/yr, while 5% annual appreciation builds toward $152,507 over five years. Five-year ROI reaches 96.31% and total cumulative return in cash sums $174,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,269/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02338, Halifax, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,196 (100%) |
| Owner Occupied HU | 2,886 (90.3%) |
| Renter Occupied HU | 218 ( 6.8%) |
| Vacant Housing Units | 92 ( 2.9%) |
| Median Home Value | $502,126 |
| Average Home Value | $495,590 |
Housing Distribution
Address Breakdown
Residential
3,070
Single Family
3,043
Multi-Family
27
Businesses
181
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Phil and Debbie Rose • LAER Realty Partners / Rose Homes & Real Estate
Mls Name: MLS PIN
Mls ID: #73426052