61 Clipper Way UNIT 61, Newburyport, MA, 01950 | 7.19% Rental Yield

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61 Clipper Way UNIT 61, Newburyport, MA, 01950 | 7.19% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newburyport at 61 Clipper Way UNIT 61, Newburyport, MA, 01950 listed at $599,900 pairs $3,593/mo rent with a $2,936/mo payment. Total monthly income runs $3,593/mo. Return on cash invested measures 18.92% in year one, and rental yield registers 7.19% at a $599,900 basis. Equity gained on principal adds $3,871/yr, and annual property appreciation at 5% supports $165,741 by year five. Five-year ROI tracks 97.67% and total cumulative return in cash totals $192,760. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,593/mo property income relative to a $2,936/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2000

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to The Village at Newburyport! Enjoy the ease of single-level living in this well maintained home featuring a bright, open floor plan with cathedral ceilings. The kitchen flows seamlessly into the spacious dining and living areas, offering an inviting atmosphere and direct access to the deck. This home includes two bedrooms, highlighted by a primary suite with en suite bath, a walk-in closet, plus a second laundry closet for added convenience. Two updated full baths with new walk-in showers. The expansive, unfinished basement provides excellent storage or potential for future living space. Additional features include a freshly painted interior, newer HVAC system and hot water tank, newer laundry units, 5 year old roof and an attached one-car garage. Ideally located across from the clubhouse and close to all that Newburyport has to offer! Showings begin at the Open Houses Sat 11/1 & Sun 11/2, 12-1:30pm.

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