115 Odell 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
Investment property for sale in Beverly at 115 Odell Ave, Beverly, MA, 01915 uses $171,080 cash to close to unlock $4,796/yr annual cash flow and $400/mo monthly cash flow. Total monthly income runs $3,677/mo, and a $2,545/mo payment keeps the spread at $400/mo. Purchase price stands at $520,000, and rental yield measures 8.49% with $3,677/mo rent. Return on cash invested shows 22.86% in year one, and 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 118.81% and total cumulative return in cash records $203,255. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,677/mo property income covering a $2,545/mo payment rather than investor’s personal income.
Single Family
Built in 1928
5,001 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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Listed by: Salvatore DiMercurio • Keller Williams Realty Evolution
Mls Name: MLS PIN
Mls ID: #73407850