24 Ellsworth AveMelroseMA02176
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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 Melrose at 24 Ellsworth Ave, Melrose, MA, 02176 offers $4,000/mo rent that, after a $2,937/mo payment, leaves $218/mo cash flow. Total monthly income is $4,000/mo, and annual cash flow is $2,616/yr on $197,400 cash. Return on cash invested measures 21.39% in year one, and rental yield stands at 8% at a $600,000 entry. Equity gained on principal adds $3,872/yr while 5% annual appreciation compounds into $165,769 by year five. Five-year ROI records 110.87% and total cumulative return in cash reaches $218,856. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,000/mo property income versus a $2,937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
3,781 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02176, Melrose, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,677 (100%) |
| Owner Occupied HU | 7,802 (61.5%) |
| Renter Occupied HU | 4,389 (34.6%) |
| Vacant Housing Units | 486 ( 3.8%) |
| Median Home Value | $854,921 |
| Average Home Value | $937,328 |
Housing Distribution
Address Breakdown
Residential
12,344
Single Family
8,744
Multi-Family
3,600
Businesses
665
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Listed by: Kimberly Kearns-Nardone • Kearns Nardone Realty LLC
Mls Name: MLS PIN
Mls ID: #73452129