2 McDewell Ave APT 15DanversMA01923
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
Rental property for sale in Danvers at 2 McDewell Ave APT 15, Danvers, MA, 01923 offers $2,687/mo rent that, after a $1,466/mo payment, leaves $799/mo cash flow. Total monthly income is $2,687/mo, and annual cash flow is $9,589/yr on $99,317 cash. Return on cash invested measures 29.56% in year one, and rental yield stands at 10.76% at a $299,600 entry. Equity gained on principal adds $1,933/yr while 5% annual appreciation compounds into $82,774 by year five. Five-year ROI records 154.79% and total cumulative return in cash reaches $153,738. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,687/mo property income versus a $1,466/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1967
435 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A