51 New Ocean St FLOOR 2SwampscottMA01907
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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 51 New Ocean St FLOOR 2, Swampscott, MA, 01907 offers a 7.95% rental yield on a $499,000 purchase with $3,304/mo rent. Total monthly income registers $3,304/mo, and a $2,442/mo payment leaves $159/mo available for distribution. Annual cash flow reaches $1,911/yr on $165,419 to close, and return on cash invested stands at 21.06% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 109.2% and total cumulative return in cash at $180,630. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,304/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1920
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: Paula Pickett • Coldwell Banker Realty - Marblehead
Mls Name: MLS PIN
Mls ID: #73467772