198 Conant StDanversMA01923
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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 198 Conant St, Danvers, MA, 01923 uses $205,625 cash to close to unlock $5,553/yr annual cash flow and $463/mo monthly cash flow. Total monthly income runs $4,402/mo, and a $3,059/mo payment keeps the spread at $463/mo. Purchase price stands at $625,000, and rental yield measures 8.45% with $4,402/mo rent. Return on cash invested shows 22.76% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 118.25% and total cumulative return in cash records $243,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,402/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Single Family
Built in 1952
2.04 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: The Lopes Group • J. Barrett & Company
Mls Name: MLS PIN
Mls ID: #73470225