23 Fairview AveBeverlyMA01915
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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 23 Fairview Ave, Beverly, MA, 01915 priced at $719,900 converts $4,688/mo rent into $150/mo cash flow after a $3,524/mo obligation. Total monthly income equals $4,688/mo, and annual cash flow totals $1,802/yr on $236,847 invested. Return on cash invested prints 20.82% in year one, and rental yield reads 7.81% against a $719,900 entry. Equity gained on principal adds $4,645/yr, while 5% annual appreciation compiles into $198,895 by year five. Five-year ROI reaches 107.87% and total cumulative return in cash sums $255,479. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,688/mo property income covering a $3,524/mo payment, not borrower’s personal income.
Single Family
Built in 1910
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01915, Beverly, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,093 (100%) |
| Owner Occupied HU | 10,212 (56.4%) |
| Renter Occupied HU | 7,010 (38.7%) |
| Vacant Housing Units | 871 ( 4.8%) |
| Median Home Value | $694,591 |
| Average Home Value | $776,231 |
Housing Distribution
Address Breakdown
Residential
17,058
Single Family
12,652
Multi-Family
4,406
Businesses
2,001
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Listed by: Deborah Terlik • Keller Williams Realty Evolution
Mls Name: MLS PIN
Mls ID: #73425903