12 Central Ave APT 1DanversMA01923
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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 Danvers at 12 Central Ave APT 1, Danvers, MA, 01923 offers a 11.63% rental yield on a $299,999 purchase with $2,908/mo rent. Total monthly income registers $2,908/mo, and a $1,468/mo payment leaves $1,018/mo available for distribution. Annual cash flow reaches $12,210/yr on $99,450 to close, and return on cash invested stands at 32.19% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 168.84% and total cumulative return in cash at $167,916. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,908/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1957
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,546
Single Family
8,892
Multi-Family
2,654
Businesses
1,526
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Listed by: Louise Touchette Team • Coldwell Banker Realty - Lynnfield
Mls Name: MLS PIN
Mls ID: #73466916