490 Summer StWeymouthMA02188
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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 Weymouth at 490 Summer St, Weymouth, MA, 02188 uses $159,087 cash to close to unlock $4,226/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $3,377/mo, and a $2,349/mo payment keeps the spread at $352/mo. Purchase price stands at $479,900, and rental yield measures 8.44% with $3,377/mo rent. Return on cash invested shows 22.57% in year one, and 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 117.25% and total cumulative return in cash records $186,537. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,377/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Single Family
Built in 1942
9,521 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02188, Weymouth, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,367 (100%) |
| Owner Occupied HU | 3,833 (52.0%) |
| Renter Occupied HU | 3,193 (43.3%) |
| Vacant Housing Units | 341 ( 4.6%) |
| Median Home Value | $580,415 |
| Average Home Value | $600,982 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
4,380
Multi-Family
2,508
Businesses
429
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Listed by: Michelle Humphrey • Coldwell Banker Realty - Marion
Mls Name: MLS PIN
Mls ID: #73448300