38 Elm St #DHansonMA02341
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hanson at 38 Elm St #D, Hanson, MA, 02341 priced at $472,900 converts $3,366/mo rent into $135/mo cash flow after a $2,315/mo obligation. Total monthly income equals $3,366/mo, and annual cash flow totals $1,620/yr on $156,766 invested. Return on cash invested prints 20.94% in year one, and rental yield reads 8.54% against a $472,900 entry. Equity gained on principal adds $3,052/yr, while 5% annual appreciation compiles into $130,654 by year five. Five-year ROI reaches 109.22% and total cumulative return in cash sums $171,223. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,366/mo property income covering a $2,315/mo payment, not borrower’s personal income.
Townhouse
Built in 2005
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02341, Hanson, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,002 (100%) |
| Owner Occupied HU | 3,462 (86.5%) |
| Renter Occupied HU | 380 ( 9.5%) |
| Vacant Housing Units | 160 ( 4.0%) |
| Median Home Value | $604,926 |
| Average Home Value | $672,152 |
Housing Distribution
Address Breakdown
Residential
3,845
Single Family
3,662
Multi-Family
183
Businesses
263
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Listed by: Bob McLaughlin • Germaine Realty LLC
Mls Name: MLS PIN
Mls ID: #73349140
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