34-34R Summer StRockportMA01966
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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 Rockport at 34-34R Summer St, Rockport, MA, 01966 listed at $599,000 pairs $4,201/mo rent with a $2,932/mo payment to leave $425/mo cash flow. Total monthly income runs $4,201/mo, and annual cash flow reaches $5,105/yr on $197,071 cash to close. Return on cash invested measures 22.65% in year one, and rental yield registers 8.42% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 117.67% and total cumulative return in cash totals $231,898. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,201/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01966, Rockport, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,384 (100%) |
| Owner Occupied HU | 2,363 (53.9%) |
| Renter Occupied HU | 967 (22.1%) |
| Vacant Housing Units | 1,054 (24.0%) |
| Median Home Value | $764,205 |
| Average Home Value | $880,041 |
Housing Distribution
Address Breakdown
Residential
3,770
Single Family
3,582
Multi-Family
188
Businesses
348
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Listed by: Lane Team • North Shore's Gold Coast Realty
Mls Name: MLS PIN
Mls ID: #73453469