3 Norman AveNewburyportMA01950
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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 Newburyport at 3 Norman Ave, Newburyport, MA, 01950 priced at $731,200 converts $5,418/mo rent into $809/mo cash flow after a $3,579/mo obligation. Total monthly income equals $5,418/mo, and annual cash flow totals $9,711/yr on $240,565 invested. Return on cash invested prints 24.1% in year one, and rental yield reads 8.89% against a $731,200 entry. Equity gained on principal adds $4,718/yr, while 5% annual appreciation compiles into $202,017 by year five. Five-year ROI reaches 125.43% and total cumulative return in cash sums $301,735. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,418/mo property income covering a $3,579/mo payment, not borrower’s personal income.
Single Family
Built in 1948
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01950, Newburyport, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,760 (100%) |
| Owner Occupied HU | 6,027 (68.8%) |
| Renter Occupied HU | 2,087 (23.8%) |
| Vacant Housing Units | 646 ( 7.4%) |
| Median Home Value | $877,535 |
| Average Home Value | $942,557 |
Housing Distribution
Address Breakdown
Residential
8,654
Single Family
7,256
Multi-Family
1,398
Businesses
1,272
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Listed by: N/A • N/A
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