40 Andrew RdSwampscottMA01907
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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
Rental property for sale in Swampscott at 40 Andrew Rd, Swampscott, MA, 01907 priced at $1,199,000 converts $5,230/mo rent into after a $5,869/mo obligation. Total monthly income equals $5,230/mo. Return on cash invested prints 13.18% in year one, and rental yield reads 5.23% against a $1,199,000 entry. Equity gained on principal adds $7,737/yr, while 5% annual appreciation compiles into $331,262 by year five. Five-year ROI reaches 66.82% and total cumulative return in cash sums $259,581. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,230/mo property income covering a $5,869/mo payment, not borrower’s personal income.
Single Family
Built in 1888
4,748 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01907, Swampscott, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,479 (100%) |
| Owner Occupied HU | 4,642 (71.6%) |
| Renter Occupied HU | 1,533 (23.7%) |
| Vacant Housing Units | 304 ( 4.7%) |
| Median Home Value | $789,972 |
| Average Home Value | $855,233 |
Housing Distribution
Address Breakdown
Residential
6,287
Single Family
4,918
Multi-Family
1,369
Businesses
349
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Listed by: Jonathan Minerick • homecoin.com
Mls Name: MLS PIN
Mls ID: #73468512