23 Winthrop Ave UNIT 1BeverlyMA01915
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Beverly at 23 Winthrop Ave UNIT 1, Beverly, MA, 01915 offers a 7% rental yield on a $559,900 purchase with $3,266/mo rent. 35% in year one. Equity gained on principal adds $3,613/yr while 5% annual appreciation supports $154,690 over five years. Portfolio math shows five-year ROI at 94.61% and total cumulative return in cash at $174,274. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,266/mo property income against a $2,740/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1930
5,227 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Pettoruto • Realty ONE Group Nest
Mls Name: MLS PIN
Mls ID: #73465789