12 Mildred RdDanversMA01923
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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 Mildred Rd, Danvers, MA, 01923 at $659,000 posts ROI 24.41% with $786/mo cash flow from $4,939/mo rent. Total monthly income equals $4,939/mo, and annual cash flow records $9,431/yr on $216,811 to close. Return on cash invested measures 24.41% and rental yield reads 8.99% at the current $659,000. Equity gained on principal adds $4,252/yr, and 5% annual appreciation supports $182,070 by year five. Five-year ROI prints 127.09% and total cumulative return in cash totals $275,551.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,939/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
0.37 Acres 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: Deborah Evans • J. Barrett & Company
Mls Name: MLS PIN
Mls ID: #73437585