42 Myrtle AveNewburyportMA01950
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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 Newburyport at 42 Myrtle Ave, Newburyport, MA, 01950 offers $3,619/mo rent that, after a $5,085/mo payment. Total monthly income is $3,619/mo. Return on cash invested measures 9.93% in year one, and rental yield stands at 4.18% at a $1,039,000 entry. Equity gained on principal adds $6,705/yr while 5% annual appreciation compounds into $287,057 by year five. Five-year ROI records 49.37% and total cumulative return in cash reaches $166,208. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,619/mo property income versus a $5,085/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
8,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01950, Newburyport, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,760 (100%) |
| Owner Occupied HU | 6,027 (68.8%) |
| Renter Occupied HU | 2,087 (23.8%) |
| Vacant Housing Units | 646 ( 7.4%) |
| Median Home Value | $877,535 |
| Average Home Value | $942,557 |
Housing Distribution
Address Breakdown
Residential
8,654
Single Family
7,256
Multi-Family
1,398
Businesses
1,272
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Listed by: Barb Cullen • Keller Williams Realty Evolution
Mls Name: MLS PIN
Mls ID: #73429331