6 Beals Cove Rd APT GHinghamMA02043
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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 Hingham at 6 Beals Cove Rd APT G, Hingham, MA, 02043 offers a 10.81% rental yield on a $329,000 purchase with $2,963/mo rent. Total monthly income registers $2,963/mo, and a $1,610/mo payment leaves $890/mo available for distribution. Annual cash flow reaches $10,676/yr on $109,064 to close, and return on cash invested stands at 29.7% in year one. Equity gained on principal adds $2,123/yr while 5% annual appreciation supports $90,897 over five years. Portfolio math shows five-year ROI at 155.49% and total cumulative return in cash at $169,581. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,963/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02043, Hingham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,276 (100%) |
| Owner Occupied HU | 7,412 (72.1%) |
| Renter Occupied HU | 2,102 (20.5%) |
| Vacant Housing Units | 762 ( 7.4%) |
| Median Home Value | $1,169,044 |
| Average Home Value | $1,240,940 |
Housing Distribution
Address Breakdown
Residential
9,851
Single Family
7,644
Multi-Family
2,207
Businesses
1,116
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Listed by: Mike Huang • Lewis & Joyce Real Estate
Mls Name: MLS PIN
Mls ID: #73432389