7 Assinippi Ave UNIT 306NorwellMA02061
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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
Rental property for sale in Norwell at 7 Assinippi Ave UNIT 306, Norwell, MA, 02061 generates $3,541/mo in rent and, after a $1,958/mo payment, leaves $1,020/mo in cash flow. Total monthly income is $3,541/mo, and annual cash flow is $12,236/yr on $132,600 invested. Return on cash invested sits at 29.14% in year one, and rental yield is 10.62% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 152.47% and total cumulative return in cash sums $202,180. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,541/mo property income rather than buyer’s personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02061, Norwell, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,799 (100%) |
| Owner Occupied HU | 3,485 (91.7%) |
| Renter Occupied HU | 204 ( 5.4%) |
| Vacant Housing Units | 110 ( 2.9%) |
| Median Home Value | $881,152 |
| Average Home Value | $952,311 |
Housing Distribution
Address Breakdown
Residential
3,783
Single Family
3,659
Multi-Family
124
Businesses
790
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Listed by: Anne Marie Mehigan • Conway - Hingham
Mls Name: MLS PIN
Mls ID: #73448281