12 May St #BSalemMA01970
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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 Salem at 12 May St #B, Salem, MA, 01970 offers $2,980/mo rent that, after a $1,904/mo payment, leaves $528/mo cash flow. Total monthly income is $2,980/mo, and annual cash flow is $6,338/yr on $128,954 cash. Return on cash invested measures 24.82% in year one, and rental yield stands at 9.19% at a $389,000 entry. Equity gained on principal adds $2,510/yr while 5% annual appreciation compounds into $107,474 by year five. Five-year ROI records 129.37% and total cumulative return in cash reaches $166,830. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,980/mo property income versus a $1,904/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01970, Salem, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,846 (100%) |
| Owner Occupied HU | 10,263 (49.2%) |
| Renter Occupied HU | 9,561 (45.9%) |
| Vacant Housing Units | 1,022 ( 4.9%) |
| Median Home Value | $626,422 |
| Average Home Value | $665,116 |
Housing Distribution
Address Breakdown
Residential
18,571
Single Family
12,690
Multi-Family
5,881
Businesses
1,702
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Listed by: Shannon McInnis • Keller Williams Realty Evolution
Mls Name: MLS PIN
Mls ID: #73402280