57 Mount Pleasant St APT 2BRockportMA01966
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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 57 Mount Pleasant St APT 2B, Rockport, MA, 01966 priced at $355,000 converts $2,749/mo rent into $511/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,749/mo, and annual cash flow totals $6,132/yr on $117,683 invested. Return on cash invested prints 25.12% in year one, and rental yield reads 9.29% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 130.98% and total cumulative return in cash sums $154,140. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,749/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Condo
Built in 1780
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: Mary Matthews • Coldwell Banker Realty - Manchester
Mls Name: MLS PIN
Mls ID: #73426540