37 Corey Rd #518HancockMA01237
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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 #518, Hancock, MA, 01237 offers a 9.05% rental yield on a $145,000 purchase with $1,094/mo rent. Total monthly income registers $1,094/mo, and a $710/mo payment leaves $180/mo available for distribution. Annual cash flow reaches $2,157/yr on $48,068 to close, and return on cash invested stands at 24.4% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 127.06% and total cumulative return in cash at $61,076. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,094/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
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: #247775