83 North St UNIT 83HinghamMA02043
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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 Hingham at 83 North St UNIT 83, Hingham, MA, 02043 generates $3,695/mo in rent, after a $4,400/mo payment. Total monthly income is $3,695/mo. Return on cash invested sits at 12.06% in year one, and rental yield is 4.93% on a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 60.88% and total cumulative return in cash sums $180,058. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,695/mo property income rather than buyer’s personal income.
Condo
Built in 1740
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02043, Hingham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,276 (100%) |
| Owner Occupied HU | 7,412 (72.1%) |
| Renter Occupied HU | 2,102 (20.5%) |
| Vacant Housing Units | 762 ( 7.4%) |
| Median Home Value | $1,169,044 |
| Average Home Value | $1,240,940 |
Housing Distribution
Address Breakdown
Residential
9,851
Single Family
7,644
Multi-Family
2,207
Businesses
1,116
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Listed by: Kerrin Rowley • Coldwell Banker Realty - Hingham
Mls Name: MLS PIN
Mls ID: #73466419