10 Hobart AveBeverlyMA01915
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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 Beverly at 10 Hobart Ave, Beverly, MA, 01915 priced at $613,900 converts $4,082/mo rent into $212/mo cash flow after a $3,005/mo obligation. Total monthly income equals $4,082/mo, and annual cash flow totals $2,549/yr on $201,973 invested. Return on cash invested prints 21.32% in year one, and rental yield reads 7.98% against a $613,900 entry. Equity gained on principal adds $3,961/yr, while 5% annual appreciation compiles into $169,609 by year five. Five-year ROI reaches 110.55% and total cumulative return in cash sums $223,280. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,082/mo property income covering a $3,005/mo payment, not borrower’s personal income.
Single Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01915, Beverly, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,093 (100%) |
| Owner Occupied HU | 10,212 (56.4%) |
| Renter Occupied HU | 7,010 (38.7%) |
| Vacant Housing Units | 871 ( 4.8%) |
| Median Home Value | $694,591 |
| Average Home Value | $776,231 |
Housing Distribution
Address Breakdown
Residential
17,058
Single Family
12,652
Multi-Family
4,406
Businesses
2,001
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