2 Martin StMarbleheadMA01945
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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
Rental property for sale in Marblehead at 2 Martin St, Marblehead, MA, 01945 priced at $755,500 pairs $6,240/mo rent with $1,478/mo cash flow after a $3,698/mo payment. Total monthly income equals $6,240/mo, and annual cash flow comes to $17,736/yr on $248,560 invested. Return on cash invested is 27.2% in year one, and rental yield stands at 9.91% on a $755,500 basis. Equity gained on principal adds $4,875/yr, and 5% annual appreciation accumulates to $208,731 by year five. Five-year ROI measures 142.02% and total cumulative return in cash reaches $353,008. For financing, Ziffy Mortgage’s DSCR program evaluates $6,240/mo property income against a $3,698/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01945, Marblehead, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,975 (100%) |
| Owner Occupied HU | 6,644 (74.0%) |
| Renter Occupied HU | 1,712 (19.1%) |
| Vacant Housing Units | 619 ( 6.9%) |
| Median Home Value | $959,132 |
| Average Home Value | $1,107,514 |
Housing Distribution
Address Breakdown
Residential
8,778
Single Family
8,126
Multi-Family
652
Businesses
936
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Listed by: N/A • N/A
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Mls ID: #N/A