111 Foster St APT 305PeabodyMA01960
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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 Peabody at 111 Foster St APT 305, Peabody, MA, 01960 generates $2,998/mo in rent and, after a $1,591/mo payment, leaves $949/mo in cash flow. Total monthly income is $2,998/mo, and annual cash flow is $11,391/yr on $107,738 invested. Return on cash invested sits at 30.48% in year one, and rental yield is 11.07% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 159.72% and total cumulative return in cash sums $172,081. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,998/mo property income rather than buyer’s personal income.
Condo
Built in 1988
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: Marc Green • Coldwell Banker Realty - Marblehead
Mls Name: MLS PIN
Mls ID: #73470259