37 Corey Rd #623HancockMA01237
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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 #623, Hancock, MA, 01237 listed at $143,000 pairs $1,101/mo rent with a $700/mo payment to leave $200/mo cash flow. Total monthly income runs $1,101/mo, and annual cash flow reaches $2,395/yr on $47,405 cash to close. Return on cash invested measures 24.96% in year one, and rental yield registers 9.24% at a $143,000 basis. Equity gained on principal adds $923/yr, and annual property appreciation at 5% supports $39,508 by year five. Five-year ROI tracks 130.12% and total cumulative return in cash totals $61,684. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,101/mo property income relative to a $700/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: #247928