36 Grove StHanoverMA02339
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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 Hanover at 36 Grove St, Hanover, MA, 02339 generates $4,380/mo in rent, after a $3,818/mo payment. Total monthly income is $4,380/mo. Return on cash invested sits at 17.55% in year one, and rental yield is 6.74% on a $779,999 entry. Equity gained on principal adds $5,033/yr, while 5% annual appreciation builds toward $215,499 over five years. Five-year ROI reaches 90.32% and total cumulative return in cash sums $231,772. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,380/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02339, Hanover, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,722 (100%) |
| Owner Occupied HU | 4,513 (78.9%) |
| Renter Occupied HU | 1,041 (18.2%) |
| Vacant Housing Units | 168 ( 2.9%) |
| Median Home Value | $784,097 |
| Average Home Value | $821,269 |
Housing Distribution
Address Breakdown
Residential
5,605
Single Family
4,607
Multi-Family
998
Businesses
932
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Listed by: Kelli Pompeo • Coldwell Banker Realty - Hingham
Mls Name: MLS PIN
Mls ID: #73466701