78 Grove StGloucesterMA01930
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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 Gloucester at 78 Grove St, Gloucester, MA, 01930 offers $4,074/mo rent that, after a $3,735/mo payment. Total monthly income is $4,074/mo. Return on cash invested measures 16.54% in year one, and rental yield stands at 6.41% at a $763,000 entry. Equity gained on principal adds $4,924/yr while 5% annual appreciation compounds into $210,803 by year five. Five-year ROI records 84.92% and total cumulative return in cash reaches $213,175. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,074/mo property income versus a $3,735/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01930, Gloucester, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,315 (100%) |
| Owner Occupied HU | 8,361 (54.6%) |
| Renter Occupied HU | 5,133 (33.5%) |
| Vacant Housing Units | 1,821 (11.9%) |
| Median Home Value | $750,301 |
| Average Home Value | $875,713 |
Housing Distribution
Address Breakdown
Residential
14,283
Single Family
13,392
Multi-Family
891
Businesses
1,243
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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