261 Newbury St #72CPeabodyMA01960
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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 261 Newbury St #72C, Peabody, MA, 01960 uses $39,780 cash to close to unlock $2,196/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $939/mo, and a $587/mo payment keeps the spread at $183/mo. Purchase price stands at $120,000, and rental yield measures 9.39% with $939/mo rent. Return on cash invested shows 25.43% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 132.6% and total cumulative return in cash records $52,747. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $939/mo property income covering a $587/mo payment rather than investor’s personal income.
Manufactured
Built in 1969
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: Camille Murphy • Redfin Corp.
Mls Name: MLS PIN
Mls ID: #73470453