68 Spring RdNahantMA01908
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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 Nahant at 68 Spring Rd, Nahant, MA, 01908 earns from $3,304/mo rent with a $3,421/mo payment. Total monthly income totals $3,304/mo. ROI tracks 14.31% on current figures, and rental yield reads 5.67% at a $699,000 purchase. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 over five years. Five-year ROI reaches 72.95% and total cumulative return in cash sums $167,762. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,304/mo property income instead of your personal income.
Single Family
Built in 1952
6,490 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01908, Nahant, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,675 (100%) |
| Owner Occupied HU | 1,131 (67.5%) |
| Renter Occupied HU | 414 (24.7%) |
| Vacant Housing Units | 130 ( 7.8%) |
| Median Home Value | $866,007 |
| Average Home Value | $993,212 |
Housing Distribution
Address Breakdown
Residential
1,636
Single Family
1,417
Multi-Family
219
Businesses
82
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Listed by: Michael Connor • Connor Real Estate
Mls Name: MLS PIN
Mls ID: #73376503