37 Corey Rd #234HancockMA01237
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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 Hancock at 37 Corey Rd #234, Hancock, MA, 01237 uses $53,007 cash to close to unlock $2,434/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $1,211/mo, and a $783/mo payment keeps the spread at $203/mo. Purchase price stands at $159,900, and rental yield measures 9.09% with $1,211/mo rent. Return on cash invested shows 24.5% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 127.63% and total cumulative return in cash records $67,650. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,211/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01237, Lanesboro, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,040 (100%) |
| Owner Occupied HU | 1,165 (57.1%) |
| Renter Occupied HU | 192 ( 9.4%) |
| Vacant Housing Units | 683 (33.5%) |
| Median Home Value | $369,592 |
| Average Home Value | $402,036 |
Housing Distribution
Address Breakdown
Residential
858
Single Family
858
Multi-Family
0
Businesses
138
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Listed by: Kevin F. Moderski • JIMINY REALTY
Mls Name: BCMLS
Mls ID: #248484