10 Elliott Pl UNIT 1RPeabodyMA01960
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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 Peabody at 10 Elliott Pl UNIT 1R, Peabody, MA, 01960 earns $320/mo cash flow from $2,400/mo rent with a $1,615/mo payment. Total monthly income totals $2,400/mo, and annual cash flow totals $3,843/yr on $109,394 capital. ROI tracks 23.42% on current figures, and rental yield reads 8.73% at a $329,998 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,172 over five years. Five-year ROI reaches 121.86% and total cumulative return in cash sums $133,306. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,400/mo property income instead of your personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01960, Peabody, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,336 (100%) |
| Owner Occupied HU | 14,624 (62.7%) |
| Renter Occupied HU | 7,863 (33.7%) |
| Vacant Housing Units | 849 ( 3.6%) |
| Median Home Value | $634,604 |
| Average Home Value | $657,731 |
Housing Distribution
Address Breakdown
Residential
22,180
Single Family
16,670
Multi-Family
5,510
Businesses
1,989
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Listed by: Renee Merchant • Lamacchia Realty, Inc.
Mls Name: MLS PIN
Mls ID: #73446996