5 Smith St #RRockportMA01966
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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 Rockport at 5 Smith St #R, Rockport, MA, 01966 offers $3,097/mo rent that, after a $3,911/mo payment. Total monthly income is $3,097/mo. Return on cash invested measures 11.21% in year one, and rental yield stands at 4.65% at a $799,000 entry. Equity gained on principal adds $5,156/yr while 5% annual appreciation compounds into $220,749 by year five. Five-year ROI records 56.3% and total cumulative return in cash reaches $147,990. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,097/mo property income versus a $3,911/mo payment rather than borrower’s personal income verification through W2s, Salary slips, 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
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Listed by: Jim Cooke • Cameron Real Estate Group
Mls Name: MLS PIN
Mls ID: #73461733