445 Essex St #304SwampscottMA01907
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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
Investment property for sale in Swampscott at 445 Essex St #304, Swampscott, MA, 01907 uses $152,159 cash to close to unlock $15,019/yr annual cash flow and $1,252/mo monthly cash flow. Total monthly income runs $4,145/mo, and a $2,247/mo payment keeps the spread at $1,252/mo. Purchase price stands at $459,000, and rental yield measures 10.84% with $4,145/mo rent. Return on cash invested shows 29.78% in year one, and 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 155.92% and total cumulative return in cash records $237,251. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,145/mo property income covering a $2,247/mo payment rather than investor’s personal income.
Condo
Built in 2018
N/A 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: Stephanie Moio • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73433342