17 Elaine AveSaugusMA01906
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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 Saugus at 17 Elaine Ave, Saugus, MA, 01906 priced at $699,900 converts $4,975/mo rent into $563/mo cash flow after a $3,426/mo obligation. Total monthly income equals $4,975/mo, and annual cash flow totals $6,760/yr on $230,267 invested. Return on cash invested prints 23% in year one, and rental yield reads 8.53% against a $699,900 entry. Equity gained on principal adds $4,516/yr, while 5% annual appreciation compiles into $193,369 by year five. Five-year ROI reaches 119.52% and total cumulative return in cash sums $275,216. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,975/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 1920
8,085 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01906, Saugus, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,289 (100%) |
| Owner Occupied HU | 8,365 (68.1%) |
| Renter Occupied HU | 3,110 (25.3%) |
| Vacant Housing Units | 814 ( 6.6%) |
| Median Home Value | $657,725 |
| Average Home Value | $695,891 |
Housing Distribution
Address Breakdown
Residential
11,228
Single Family
9,393
Multi-Family
1,835
Businesses
913
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Listed by: Wendy Carpenito • Berkshire Hathaway HomeServices Commonwealth Real Estate
Mls Name: MLS PIN
Mls ID: #73427446