156 Bridge 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
Investment property for sale in Salem at 156 Bridge St #B, Salem, MA, 01970 with 5% annual appreciation on a $599,900 basis while $4,091/mo rent supports operations. Total monthly income totals $4,091/mo and a $2,936/mo payment preserves $310/mo for cash returns. Annual cash flow comes to $3,722/yr on $197,367 deployed, and return on cash invested reaches 21.95% in year one. Equity gained on principal adds $3,871/yr, and five-year appreciation sums $165,741 alongside rental yield of 8.18%. Five-year ROI measures 113.9% and total cumulative return in cash totals $224,800.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,091/mo property income versus a $2,936/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1850
9,710 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 |
Housing Distribution
Address Breakdown
Residential
18,571
Single Family
12,690
Multi-Family
5,881
Businesses
1,702
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Listed by: Donna Fiandaca • Coldwell Banker Realty - Lynnfield
Mls Name: MLS PIN
Mls ID: #73453079