251 Newbury St #23PeabodyMA01960
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 Peabody at 251 Newbury St #23, Peabody, MA, 01960 uses $89,472 cash to close to unlock $1,667/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $1,840/mo, and a $1,321/mo payment keeps the spread at $139/mo. Purchase price stands at $269,900, and rental yield measures 8.18% with $1,840/mo rent. Return on cash invested shows 21.77% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 112.96% and total cumulative return in cash records $101,070. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,840/mo property income covering a $1,321/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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katie Billingsley • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73459853