2-2A Hazel St #3SalemMA01970
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2-2A Hazel St #3, Salem, MA, 01970 with 5% annual appreciation on a $399,000 basis while $3,834/mo rent supports operations. Total monthly income totals $3,834/mo and a $1,953/mo payment preserves $1,319/mo for cash returns. Annual cash flow comes to $15,829/yr on $132,269 deployed, and return on cash invested reaches 31.88% in year one. Equity gained on principal adds $2,575/yr, and five-year appreciation sums $110,236 alongside rental yield of 11.53%. Five-year ROI measures 167.2% and total cumulative return in cash totals $221,150.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,834/mo property income versus a $1,953/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1920
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Arian Simaku • Simaku Realty, LLC
Mls Name: MLS PIN
Mls ID: #73403098