42 Michael StWest WarehamMA02576
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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 West Wareham at 42 Michael St, West Wareham, MA, 02576 priced at $180,000 converts $1,403/mo rent into $269/mo cash flow after a $881/mo obligation. Total monthly income equals $1,403/mo, and annual cash flow totals $3,222/yr on $59,670 invested. Return on cash invested prints 25.31% in year one, and rental yield reads 9.35% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 131.99% and total cumulative return in cash sums $78,761. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,403/mo property income covering a $881/mo payment, not borrower’s personal income.
Manufactured
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02576, West Wareham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,971 (100%) |
| Owner Occupied HU | 1,568 (79.6%) |
| Renter Occupied HU | 253 (12.8%) |
| Vacant Housing Units | 150 ( 7.6%) |
| Median Home Value | $418,234 |
| Average Home Value | $433,565 |
Housing Distribution
Address Breakdown
Residential
1,801
Single Family
1,800
Multi-Family
1
Businesses
164
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Listed by: June R. Johnson • Johnson Bayside Real Estate
Mls Name: MLS PIN
Mls ID: #73423198