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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Danvers at 12 Central Ave APT 5, Danvers, MA, 01923 listed at $330,000 pairs $2,825/mo rent with a $1,615/mo payment to leave $451/mo cash flow. Total monthly income runs $2,825/mo, and annual cash flow reaches $5,415/yr on $109,395 cash to close. Return on cash invested measures 24.86% in year one, and rental yield registers 10.27% at a $330,000 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,173 by year five. Five-year ROI tracks 130.73% and total cumulative return in cash totals $143,015. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,825/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1957
N/A lot
$N/A/sqft
$294 monthly HOA
Neighborhood data shown for ZIP Code: 01923, Danvers, MA area.
| 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 |
Residential
11,546
Single Family
8,892
Multi-Family
2,654
Businesses
1,526
Date | Event | Price |
|---|---|---|
| 2025-08-29 | Sold | $330,000 |
| 2025-07-29 | Contingent | $299,900 |
| 2025-07-23 | Price change | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $2391.00 | 2.27% | $215,200 | 8.14% |
| 2023-10-20 | $2338.00 | N/A | $199,000 | N/A |
| 2022-10-20 | $2338.00 | 1.17% | $199,000 | 14.96% |
Listed by: Justin Repp • Keller Williams Realty Evolution
Mls Name: MLS PIN
Mls ID: #73405458
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
