106 Summit StPeabodyMA01960
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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 106 Summit St, Peabody, MA, 01960 listed at $879,000 pairs $6,562/mo rent with a $4,302/mo payment to leave $1,022/mo cash flow. Total monthly income runs $6,562/mo, and annual cash flow reaches $12,265/yr on $289,191 cash to close. Return on cash invested measures 24.3% in year one, and rental yield registers 8.96% at a $879,000 basis. Equity gained on principal adds $5,672/yr, and annual property appreciation at 5% supports $242,851 by year five. Five-year ROI tracks 126.52% and total cumulative return in cash totals $365,886. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,562/mo property income relative to a $4,302/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
0.35 Acres 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: Zach Barron • Core Property Group LLC
Mls Name: MLS PIN
Mls ID: #73407800