1 Ocean Ave, Salem, MA, 01970 | 6.43% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Salem at 1 Ocean Ave, Salem, MA, 01970 generates $4,957/mo in rent, after a $4,527/mo payment. Total monthly income is $4,957/mo. Return on cash invested sits at 16.62% in year one, and rental yield is 6.43% on a $925,000 entry. Equity gained on principal adds $5,969/yr, while 5% annual appreciation builds toward $255,560 over five years. Five-year ROI reaches 85.32% and total cumulative return in cash sums $259,645. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,957/mo property income rather than buyer’s personal income.

Single Family

Built in 1890

2,587 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 01970, Salem, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,846 (100%)
Owner Occupied HU	10,263 (49.2%)
Renter Occupied HU	9,561 (45.9%)
Vacant Housing Units	1,022 ( 4.9%)
Median Home Value	$626,422
Average Home Value	$665,116