5-5R Smith St #2RockportMA01966
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rockport at 5-5R Smith St #2, Rockport, MA, 01966 at $799,000 posts ROI 11.21% with from $3,097/mo rent. Total monthly income equals $3,097/mo. Return on cash invested measures 11.21% and rental yield reads 4.65% at the current $799,000. Equity gained on principal adds $5,156/yr, and 5% annual appreciation supports $220,749 by year five. Five-year ROI prints 56.3% and total cumulative return in cash totals $147,990. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,097/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1880
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01966, Rockport, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,384 (100%) |
| Owner Occupied HU | 2,363 (53.9%) |
| Renter Occupied HU | 967 (22.1%) |
| Vacant Housing Units | 1,054 (24.0%) |
| Median Home Value | $764,205 |
| Average Home Value | $880,041 |
Housing Distribution
Address Breakdown
Residential
3,770
Single Family
3,582
Multi-Family
188
Businesses
348
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Cooke • Cameron Real Estate Group
Mls Name: MLS PIN
Mls ID: #73461733