2 Glenway AvePeabodyMA01960
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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 Glenway Ave, Peabody, MA, 01960 with 5% annual appreciation on a $479,900 basis while $3,298/mo rent supports operations. Total monthly income totals $3,298/mo and a $2,349/mo payment preserves $273/mo for cash returns. Annual cash flow comes to $3,278/yr on $159,087 deployed, and return on cash invested reaches 21.97% in year one. Equity gained on principal adds $3,097/yr, and five-year appreciation sums $132,588 alongside rental yield of 8.25%. Five-year ROI measures 114.06% and total cumulative return in cash totals $181,461.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,298/mo property income versus a $2,349/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
9,239 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: Goldpath Real Estate Group • United Brokers
Mls Name: MLS PIN
Mls ID: #73400954