11 Riverside Ave APT 2, Danvers, MA, 01923 | $754/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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11 Riverside Ave APT 2, Danvers, MA, 01923 | $754/mo Cash Flow | Ziffy

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 Danvers at 11 Riverside Ave APT 2, Danvers, MA, 01923 priced at $289,900 converts $2,581/mo rent into $754/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,581/mo, and annual cash flow totals $9,045/yr on $96,102 invested. Return on cash invested prints 29.32% in year one, and rental yield reads 10.68% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 153.47% and total cumulative return in cash sums $147,489. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,581/mo property income covering a $1,419/mo payment, not borrower’s personal income.

Condo

Built in 1970

N/A lot

$N/A/sqft

No HOA

More details about the property

Why rent when you can OWN! Presenting a beautifully move-in ready 1-bedroom garden-level condominium in the highly sought-after Bayside Condominiums. This unit has been recently remodeled and features a modern, updated kitchen with new cabinets, countertops, appliances. Complemented by a fully renovated bathroom. The spacious open-concept living and dining area is bright and inviting, featuring newer windows and an updated bedroom closet, offering both style and functionality. Ideally located, this home provides easy access to downtown Danvers, a variety of shops, restaurants, and parks. As well as public transportation, major highways, and the popular Danvers Rail Trailperfect for those who enjoy convenience and an active lifestyle. This charming unit is a must-see. Open house to begin showingsdont miss this opportunity to own in Bayside Condominiums!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01923, Danvers, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,985 (100%)
Owner Occupied HU	8,185 (68.3%)
Renter Occupied HU	3,242 (27.1%)
Vacant Housing Units	558 ( 4.7%)
Median Home Value	$677,909
Average Home Value	$714,250