2 Ethel Ave #1PeabodyMA01960
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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 Peabody at 2 Ethel Ave #1, Peabody, MA, 01960 with 5% annual appreciation on a $475,000 basis while $3,872/mo rent supports operations. Total monthly income totals $3,872/mo and a $2,325/mo payment preserves $878/mo for cash returns. Annual cash flow comes to $10,536/yr on $157,463 deployed, and return on cash invested reaches 26.6% in year one. Equity gained on principal adds $3,065/yr, and five-year appreciation sums $131,234 alongside rental yield of 9.78%. Five-year ROI measures 138.9% and total cumulative return in cash totals $218,719.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,872/mo property income versus a $2,325/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1910
10,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01960, Peabody, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,336 (100%) |
| Owner Occupied HU | 14,624 (62.7%) |
| Renter Occupied HU | 7,863 (33.7%) |
| Vacant Housing Units | 849 ( 3.6%) |
| Median Home Value | $634,604 |
| Average Home Value | $657,731 |
Housing Distribution
Address Breakdown
Residential
22,180
Single Family
16,670
Multi-Family
5,510
Businesses
1,989
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Listed by: Prospect Boston Team • Efron Property Group, LLC
Mls Name: MLS PIN
Mls ID: #73428466