9 Raven Ln #9GloucesterMA01930
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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 9 Raven Ln #9, Gloucester, MA, 01930 priced at $1,379,000 pairs $3,360/mo rent with after a $6,750/mo payment. Total monthly income equals $3,360/mo. Return on cash invested is 6.05% in year one, and rental yield stands at 2.92% on a $1,379,000 basis. Equity gained on principal adds $8,898/yr, and 5% annual appreciation accumulates to $380,992 by year five. Five-year ROI measures 28.57% and total cumulative return in cash reaches $127,646. For financing, Ziffy Mortgage’s DSCR program evaluates $3,360/mo property income against a $6,750/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1984
N/A 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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Listed by: Jill Michaud • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73438932