3 Summer St #2TopsfieldMA01983
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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 Topsfield at 3 Summer St #2, Topsfield, MA, 01983 offers a 5.16% rental yield on a $739,000 purchase with $3,180/mo rent. 77% in year one. Equity gained on principal adds $4,769/yr while 5% annual appreciation supports $204,172 over five years. Portfolio math shows five-year ROI at 64.66% and total cumulative return in cash at $157,220. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,180/mo property income against a $3,617/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1835
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01983, Topsfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,756 (100%) |
| Owner Occupied HU | 2,413 (87.6%) |
| Renter Occupied HU | 254 ( 9.2%) |
| Vacant Housing Units | 89 ( 3.2%) |
| Median Home Value | $876,738 |
| Average Home Value | $938,995 |
Housing Distribution
Address Breakdown
Residential
2,310
Single Family
2,110
Multi-Family
200
Businesses
408
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Listed by: Norman R. Banville • J. Barrett & Company
Mls Name: MLS PIN
Mls ID: #73464199