37 Corey Rd #735HancockMA01237
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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 #735, Hancock, MA, 01237 listed at $138,000 pairs $1,944/mo rent with a $675/mo payment to leave $454/mo cash flow. Total monthly income runs $1,944/mo, and annual cash flow reaches $5,444/yr on $45,747 cash to close. Return on cash invested measures 31.81% in year one, and rental yield registers 16.9% at a $138,000 basis. Equity gained on principal adds $890/yr, and annual property appreciation at 5% supports $38,127 by year five. Five-year ROI tracks 172.72% and total cumulative return in cash totals $79,014. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,944/mo property income relative to a $675/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
N/A lot
$N/A/sqft
$621 monthly 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 Provider:
Mls ID: #247325
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from Berkshire County Board of Realtors and the Broker Reciprocity Program. Copyright 2025 Berkshire County Board of Realtors. All rights reserved.