20 Cross StBeverlyMA01970
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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 Beverly at 20 Cross St, Beverly, MA, 01970 priced at $878,700 converts $6,206/mo rent into $668/mo cash flow after a $4,301/mo obligation. Total monthly income equals $6,206/mo, and annual cash flow totals $8,010/yr on $289,092 invested. Return on cash invested prints 22.83% in year one, and rental yield reads 8.48% against a $878,700 entry. Equity gained on principal adds $5,670/yr, while 5% annual appreciation compiles into $242,769 by year five. Five-year ROI reaches 118.63% and total cumulative return in cash sums $342,956. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,206/mo property income covering a $4,301/mo payment, not borrower’s personal income.
Single Family
Built in 1850
0.33 Acres 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
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