405 Main St #6HaverhillMA01830
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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 Haverhill at 405 Main St #6, Haverhill, MA, 01830 priced at $289,000 converts $1,944/mo rent into $122/mo cash flow after a $1,415/mo obligation. Total monthly income equals $1,944/mo, and annual cash flow totals $1,464/yr on $95,804 invested. Return on cash invested prints 21.44% in year one, and rental yield reads 8.07% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 111.17% and total cumulative return in cash sums $106,502. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,944/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Condo
Built in 1914
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01830, Haverhill, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,848 (100%) |
| Owner Occupied HU | 6,226 (52.5%) |
| Renter Occupied HU | 5,023 (42.4%) |
| Vacant Housing Units | 599 ( 5.1%) |
| Median Home Value | $519,644 |
| Average Home Value | $590,817 |
Housing Distribution
Address Breakdown
Residential
10,929
Single Family
8,499
Multi-Family
2,430
Businesses
669
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Listed by: Kathleen Hines • Coldwell Banker Realty - Lynnfield
Mls Name: MLS PIN
Mls ID: #73426774