15 Cedar St, Salem, MA, 01970 | 7.44% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Salem at 15 Cedar St, Salem, MA, 01970 with 5% annual appreciation on a $765,000 basis while $4,745/mo rent supports operations. 7% in year one. Equity gained on principal adds $4,936/yr, and five-year appreciation sums $211,355 alongside rental yield of 7.44%. Five-year ROI measures 101.82% and total cumulative return in cash totals $256,259. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,745/mo property income versus a $3,744/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1915

4,430 sqft 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