20 Salem Pl #20AmherstMA01002
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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 Amherst at 20 Salem Pl #20, Amherst, MA, 01002 offers a 8.22% rental yield on a $248,000 purchase with $1,699/mo rent. Total monthly income registers $1,699/mo, and a $1,214/mo payment leaves $136/mo available for distribution. Annual cash flow reaches $1,629/yr on $82,212 to close, and return on cash invested stands at 21.89% in year one. Equity gained on principal adds $1,600/yr while 5% annual appreciation supports $68,518 over five years. Portfolio math shows five-year ROI at 113.63% and total cumulative return in cash at $93,414. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,699/mo property income against a $1,214/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
3,290 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01002, Amherst, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,930 (100%) |
| Owner Occupied HU | 5,081 (42.6%) |
| Renter Occupied HU | 5,724 (48.0%) |
| Vacant Housing Units | 1,125 ( 9.4%) |
| Median Home Value | $536,411 |
| Average Home Value | $576,683 |
Housing Distribution
Address Breakdown
Residential
10,921
Single Family
8,546
Multi-Family
2,375
Businesses
715
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Listed by: Laura Brooks • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73394217