244 Salem St APT 15MaldenMA02148
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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 Malden at 244 Salem St APT 15, Malden, MA, 02148 uses $109,064 cash to close to unlock $3,762/yr annual cash flow and $313/mo monthly cash flow. Total monthly income runs $2,752/mo, and a $1,610/mo payment keeps the spread at $313/mo. Purchase price stands at $329,000, and rental yield measures 10.04% with $2,752/mo rent. Return on cash invested shows 23.36% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 122.95% and total cumulative return in cash records $134,097. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,752/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$332 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02148, Malden, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,137 (100%) |
| Owner Occupied HU | 10,310 (36.6%) |
| Renter Occupied HU | 16,048 (57.0%) |
| Vacant Housing Units | 1,779 ( 6.3%) |
| Median Home Value | $678,935 |
| Average Home Value | $743,094 |
Housing Distribution
Address Breakdown
Residential
26,437
Single Family
16,118
Multi-Family
10,319
Businesses
1,432
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Listed by: Katherine Waters Clark • Compass
Mls Name: MLS PIN
Mls ID: #73350816
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