1078 Main StMelroseMA02176
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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 Melrose at 1078 Main St, Melrose, MA, 02176 listed at $599,000 pairs $4,043/mo rent with a $2,932/mo payment to leave $267/mo cash flow. Total monthly income runs $4,043/mo, and annual cash flow reaches $3,209/yr on $197,071 cash to close. Return on cash invested measures 21.69% in year one, and rental yield registers 8.1% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 112.51% and total cumulative return in cash totals $221,734. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,043/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
2,831 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02176, Melrose, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,677 (100%) |
| Owner Occupied HU | 7,802 (61.5%) |
| Renter Occupied HU | 4,389 (34.6%) |
| Vacant Housing Units | 486 ( 3.8%) |
| Median Home Value | $854,921 |
| Average Home Value | $937,328 |
Housing Distribution
Address Breakdown
Residential
12,344
Single Family
8,744
Multi-Family
3,600
Businesses
665
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Listed by: Kimberly O'Neil Mara • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73445882