3 Soffron Ln #2IpswichMA01938
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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 Ipswich at 3 Soffron Ln #2, Ipswich, MA, 01938 generates $3,076/mo in rent and, after a $1,762/mo payment, leaves $807/mo in cash flow. Total monthly income is $3,076/mo, and annual cash flow is $9,686/yr on $119,307 invested. Return on cash invested sits at 28.03% in year one, and rental yield is 10.26% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 146.56% and total cumulative return in cash sums $174,854. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,076/mo property income rather than buyer’s personal income.
Condo
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01938, Ipswich, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,602 (100%) |
| Owner Occupied HU | 4,449 (67.4%) |
| Renter Occupied HU | 1,664 (25.2%) |
| Vacant Housing Units | 489 ( 7.4%) |
| Median Home Value | $847,148 |
| Average Home Value | $923,822 |
Housing Distribution
Address Breakdown
Residential
6,328
Single Family
5,299
Multi-Family
1,029
Businesses
594
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Listed by: Julie Spadorcia • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73429458