172 Florence St, Melrose, MA, 02176 | 5.97% Rental Yield

For Sale

Listed for sale 4 days ago

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

Total monthly income runs $3,977/mo, and a $3,911/mo payment. Purchase price stands at $799,000, and rental yield measures 5.97% with $3,977/mo rent. Return on cash invested shows 15.22% in year one, and 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 77.84% and total cumulative return in cash records $204,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,977/mo property income covering a $3,911/mo payment rather than investor’s personal income.

Single Family

Built in 1949

8,320 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 02176, Melrose, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,677 (100%)
Owner Occupied HU	7,802 (61.5%)
Renter Occupied HU	4,389 (34.6%)
Vacant Housing Units	486 ( 3.8%)
Median Home Value	$854,921
Average Home Value	$937,328