359 Western Ave, Gloucester, MA, 01930 | 4.36% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $4,595/mo, and a $6,192/mo payment. Purchase price stands at $1,265,000, and rental yield measures 4.36% with $4,595/mo rent. Return on cash invested shows 10.48% in year one, and 5% annual appreciation builds toward $349,496 over five years. Five-year ROI reaches 52.33% and total cumulative return in cash records $214,471. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,595/mo property income covering a $6,192/mo payment rather than investor’s personal income.

Single Family

Built in 1705

0.49 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 01930, Gloucester, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,315 (100%)
Owner Occupied HU	8,361 (54.6%)
Renter Occupied HU	5,133 (33.5%)
Vacant Housing Units	1,821 (11.9%)
Median Home Value	$750,301
Average Home Value	$875,713