17 Lakeview AveDanversMA01923
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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 17 Lakeview Ave, Danvers, MA, 01923 listed at $1,373,300 pairs $6,083/mo rent with a $6,722/mo payment. Total monthly income runs $6,083/mo. Return on cash invested measures 13.43% in year one, and rental yield registers 5.32% at a $1,373,300 basis. Equity gained on principal adds $8,862/yr, and annual property appreciation at 5% supports $379,417 by year five. Five-year ROI tracks 68.15% and total cumulative return in cash totals $303,229. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,083/mo property income relative to a $6,722/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
0.70 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: N/A • N/A
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