229 Conant St, Danvers, MA, 01923 | $1,021/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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229 Conant St, Danvers, MA, 01923 | $1,021/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Danvers at 229 Conant St, Danvers, MA, 01923 offers a 9.32% rental yield on a $699,000 purchase with $5,426/mo rent. Total monthly income registers $5,426/mo, and a $3,421/mo payment leaves $1,021/mo available for distribution. Annual cash flow reaches $12,247/yr on $229,971 to close, and return on cash invested stands at 25.39% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 132.33% and total cumulative return in cash at $304,310. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,426/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1954

4,082 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover the inviting residence awaiting you at 229 Conant Street. This unique home in Danvers presents a move-in ready opportunity to craft your ideal family life. The original home includes 3 bedrooms and 1 bathroom with an inviting living room and open kitchen. The newer portion of the home is an in-law with its own kitchen, living room, half bath on the 1st floor and a primary bedroom, full bathroom and an additional room on the 2nd floor. Outside has an L-shaped yard and two separate driveways on either side for your extended family and guests. The location of this home provides easy access to 128 and other major highways, as well as to Cherry Hill Farm where you and your family can enjoy an ice cream and work on your golf game year round. A terrific home that is eagerly waiting for its next family ahead of the school year. OH on Saturday (8/9) and Sunday (8/10) from 11-1. Any and all offers due by Tuesday (8/12) at 12 PM EST.

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