86 E Main 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
Investment property for sale in Gloucester at 86 E Main St, Gloucester, MA, 01930 with 5% annual appreciation on a $540,700 basis while $5,790/mo rent supports operations. Total monthly income totals $5,790/mo and a $2,646/mo payment preserves $2,383/mo for cash returns. Annual cash flow comes to $28,590/yr on $177,890 deployed, and return on cash invested reaches 36.13% in year one. Equity gained on principal adds $3,489/yr, and five-year appreciation sums $149,385 alongside rental yield of 12.85%. Five-year ROI measures 189.96% and total cumulative return in cash totals $337,914.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,790/mo property income versus a $2,646/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
2,613 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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