251 Newbury St #15PeabodyMA01960
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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 Peabody at 251 Newbury St #15, Peabody, MA, 01960 uses $57,847 cash to close to unlock $3,375/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,381/mo, and a $854/mo payment keeps the spread at $281/mo. Purchase price stands at $174,500, and rental yield measures 9.5% with $1,381/mo rent. Return on cash invested shows 25.74% in year one, and 5% annual appreciation builds toward $48,211 over five years. Five-year ROI reaches 134.33% and total cumulative return in cash records $77,706. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,381/mo property income covering a $854/mo payment rather than investor’s personal income.
Manufactured
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01960, Peabody, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,336 (100%) |
| Owner Occupied HU | 14,624 (62.7%) |
| Renter Occupied HU | 7,863 (33.7%) |
| Vacant Housing Units | 849 ( 3.6%) |
| Median Home Value | $634,604 |
| Average Home Value | $657,731 |
Housing Distribution
Address Breakdown
Residential
22,180
Single Family
16,670
Multi-Family
5,510
Businesses
1,989
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Listed by: Michael Cotraro • Buckley Realty Group, Inc.
Mls Name: MLS PIN
Mls ID: #73410357