22 Collins St UNIT 31DanversMA01923
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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 Danvers at 22 Collins St UNIT 31, Danvers, MA, 01923 listed at $545,000 pairs $3,107/mo rent with a $2,668/mo payment. Total monthly income runs $3,107/mo. Return on cash invested measures 17.86% in year one, and rental yield registers 6.84% at a $545,000 basis. Equity gained on principal adds $3,517/yr, and annual property appreciation at 5% supports $150,573 by year five. Five-year ROI tracks 91.99% and total cumulative return in cash totals $164,940. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,107/mo property income relative to a $2,668/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1988
N/A 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
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Listed by: Irma Fountain • Keller Williams Realty Evolution
Mls Name: MLS PIN
Mls ID: #73400723