297 Atlantic StQuincyMA02171
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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
Rental property for sale in Quincy at 297 Atlantic St, Quincy, MA, 02171 offers $3,055/mo rent that, after a $4,601/mo payment. Total monthly income is $3,055/mo. Return on cash invested measures 8.92% in year one, and rental yield stands at 3.9% at a $940,000 entry. Equity gained on principal adds $6,066/yr while 5% annual appreciation compounds into $259,705 by year five. Five-year ROI records 44.07% and total cumulative return in cash reaches $136,278. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,055/mo property income versus a $4,601/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
3,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02171, Quincy, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,157 (100%) |
| Owner Occupied HU | 4,528 (44.6%) |
| Renter Occupied HU | 4,884 (48.1%) |
| Vacant Housing Units | 745 ( 7.3%) |
| Median Home Value | $787,736 |
| Average Home Value | $892,653 |
Housing Distribution
Address Breakdown
Residential
9,561
Single Family
5,048
Multi-Family
4,513
Businesses
481
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Listed by: Michael Morrison • Cityscapes International Realty
Mls Name: MLS PIN
Mls ID: #73394135
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