147 Sylvan St APT 18BDanversMA01923
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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 Danvers at 147 Sylvan St APT 18B, Danvers, MA, 01923 generates $3,187/mo in rent and, after a $1,762/mo payment, leaves $918/mo in cash flow. Total monthly income is $3,187/mo, and annual cash flow is $11,018/yr on $119,307 invested. Return on cash invested sits at 29.14% in year one, and rental yield is 10.63% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 152.54% and total cumulative return in cash sums $181,994. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,187/mo property income rather than buyer’s personal income.
Condo
Built in 1975
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: Lisa Sullivan • Churchill Properties
Mls Name: MLS PIN
Mls ID: #73420333