6 Woodman Way UNIT 402NewburyportMA01950
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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 Newburyport at 6 Woodman Way UNIT 402, Newburyport, MA, 01950 uses $169,435 cash to close to unlock $13,737/yr annual cash flow and $1,145/mo monthly cash flow. Total monthly income runs $4,391/mo, and a $2,521/mo payment keeps the spread at $1,145/mo. Purchase price stands at $515,000, and rental yield measures 10.23% with $4,391/mo rent. Return on cash invested shows 28.17% in year one, and 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 147.25% and total cumulative return in cash records $249,493. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,391/mo property income covering a $2,521/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01950, Newburyport, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,760 (100%) |
| Owner Occupied HU | 6,027 (68.8%) |
| Renter Occupied HU | 2,087 (23.8%) |
| Vacant Housing Units | 646 ( 7.4%) |
| Median Home Value | $877,535 |
| Average Home Value | $942,557 |
Housing Distribution
Address Breakdown
Residential
8,654
Single Family
7,256
Multi-Family
1,398
Businesses
1,272
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Listed by: Melinda Fields • Lamacchia Realty, Inc.
Mls Name: MLS PIN
Mls ID: #73434736