946 Bay Rd #2South HamiltonMA01982
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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 South Hamilton at 946 Bay Rd #2, South Hamilton, MA, 01982 uses $117,683 cash to close to unlock $10,644/yr annual cash flow and $887/mo monthly cash flow. Total monthly income runs $3,125/mo, and a $1,738/mo payment keeps the spread at $887/mo. Purchase price stands at $355,000, and rental yield measures 10.56% with $3,125/mo rent. Return on cash invested shows 28.95% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 151.54% and total cumulative return in cash records $178,332. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,125/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Condo
Built in 1840
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01982, South Hamilton, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,961 (100%) |
| Owner Occupied HU | 2,322 (78.4%) |
| Renter Occupied HU | 397 (13.4%) |
| Vacant Housing Units | 242 ( 8.2%) |
| Median Home Value | $804,116 |
| Average Home Value | $886,549 |
Housing Distribution
Address Breakdown
Residential
2,698
Single Family
2,514
Multi-Family
184
Businesses
215
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Listed by: Mirella E. McDonough • Real Broker MA, LLC
Mls Name: MLS PIN
Mls ID: #73420449