21 Manning StSalemMA01970
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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 Salem at 21 Manning St, Salem, MA, 01970 with 5% annual appreciation on a $679,900 basis while $4,544/mo rent supports operations. Total monthly income totals $4,544/mo and a $3,328/mo payment preserves $258/mo for cash returns. Annual cash flow comes to $3,102/yr on $223,687 deployed, and return on cash invested reaches 21.45% in year one. Equity gained on principal adds $4,387/yr, and five-year appreciation sums $187,844 alongside rental yield of 8.02%. Five-year ROI measures 111.21% and total cumulative return in cash totals $248,765.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,544/mo property income versus a $3,328/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1946
9,999 sqft 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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Listed by: Eddie Brissett • Pena Realty Corporation
Mls Name: MLS PIN
Mls ID: #73465126