45 & 45b Warner St #45AGloucesterMA01930
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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 Gloucester at 45 & 45b Warner St #45A, Gloucester, MA, 01930 generates $5,790/mo in rent and, after a $3,181/mo payment, leaves $1,694/mo in cash flow. Total monthly income is $5,790/mo, and annual cash flow is $20,323/yr on $213,850 invested. Return on cash invested sits at 29.56% in year one, and rental yield is 10.69% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 154.73% and total cumulative return in cash sums $330,890. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,790/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
5,118 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01930, Gloucester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,315 (100%) |
| Owner Occupied HU | 8,361 (54.6%) |
| Renter Occupied HU | 5,133 (33.5%) |
| Vacant Housing Units | 1,821 (11.9%) |
| Median Home Value | $750,301 |
| Average Home Value | $875,713 |
Housing Distribution
Address Breakdown
Residential
14,283
Single Family
13,392
Multi-Family
891
Businesses
1,243
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Listed by: Atlee Alman • Vadala Real Estate
Mls Name: MLS PIN
Mls ID: #73419819
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