1 Morgan DrDanversMA01923
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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 Danvers at 1 Morgan Dr, Danvers, MA, 01923 at $1,407,000 posts ROI 12.66% with from $5,940/mo rent. Total monthly income equals $5,940/mo. Return on cash invested measures 12.66% and rental yield reads 5.07% at the current $1,407,000. Equity gained on principal adds $9,079/yr, and 5% annual appreciation supports $388,728 by year five. Five-year ROI prints 64.03% and total cumulative return in cash totals $291,897. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,940/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1997
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01923, Danvers, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,985 (100%) |
| Owner Occupied HU | 8,185 (68.3%) |
| Renter Occupied HU | 3,242 (27.1%) |
| Vacant Housing Units | 558 ( 4.7%) |
| Median Home Value | $677,909 |
| Average Home Value | $714,250 |
Housing Distribution
Address Breakdown
Residential
11,546
Single Family
8,892
Multi-Family
2,654
Businesses
1,526
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A