586 Salem StRocklandMA02370
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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 Rockland at 586 Salem St, Rockland, MA, 02370 with 5% annual appreciation on a $599,000 basis while $4,565/mo rent supports operations. Total monthly income totals $4,565/mo and a $2,932/mo payment preserves $789/mo for cash returns. Annual cash flow comes to $9,473/yr on $197,071 deployed, and return on cash invested reaches 24.87% in year one. Equity gained on principal adds $3,865/yr, and five-year appreciation sums $165,493 alongside rental yield of 9.15%. Five-year ROI measures 129.55% and total cumulative return in cash totals $255,310.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,565/mo property income versus a $2,932/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
9,835 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02370, Rockland, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 5,242 (71.4%) |
| Renter Occupied HU | 1,853 (25.3%) |
| Vacant Housing Units | 243 ( 3.3%) |
| Median Home Value | $562,590 |
| Average Home Value | $626,963 |
Housing Distribution
Address Breakdown
Residential
7,162
Single Family
6,596
Multi-Family
566
Businesses
629
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Listed by: Nicole M. Condon • The Simply Sold Realty Co.
Mls Name: MLS PIN
Mls ID: #73416621