870 Haverhill St APT 21BRowleyMA01969
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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 Rowley at 870 Haverhill St APT 21B, Rowley, MA, 01969 generates $1,803/mo in rent and, after a $1,273/mo payment, leaves $164/mo in cash flow. Total monthly income is $1,803/mo, and annual cash flow is $1,966/yr on $86,190 invested. Return on cash invested sits at 22.19% in year one, and rental yield is 8.32% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 115.22% and total cumulative return in cash sums $99,305. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,803/mo property income rather than buyer’s personal income.
Condo
Built in 1970
8.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01969, Rowley, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,451 (100%) |
| Owner Occupied HU | 1,959 (79.9%) |
| Renter Occupied HU | 429 (17.5%) |
| Vacant Housing Units | 63 ( 2.6%) |
| Median Home Value | $697,498 |
| Average Home Value | $737,471 |
Housing Distribution
Address Breakdown
Residential
2,379
Single Family
2,140
Multi-Family
239
Businesses
304
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Listed by: Brittany Bator • 117 Realty
Mls Name: MLS PIN
Mls ID: #73470682