28 Columbus Ave APT 3BeverlyMA01915
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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 Beverly at 28 Columbus Ave APT 3, Beverly, MA, 01915 priced at $429,900 pairs $3,205/mo rent with $496/mo cash flow after a $2,104/mo payment. Total monthly income equals $3,205/mo, and annual cash flow comes to $5,947/yr on $142,512 invested. Return on cash invested is 24.08% in year one, and rental yield stands at 8.95% on a $429,900 basis. Equity gained on principal adds $2,774/yr, and 5% annual appreciation accumulates to $118,773 by year five. Five-year ROI measures 125.37% and total cumulative return in cash reaches $178,663. For financing, Ziffy Mortgage’s DSCR program evaluates $3,205/mo property income against a $2,104/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01915, Beverly, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,093 (100%) |
| Owner Occupied HU | 10,212 (56.4%) |
| Renter Occupied HU | 7,010 (38.7%) |
| Vacant Housing Units | 871 ( 4.8%) |
| Median Home Value | $694,591 |
| Average Home Value | $776,231 |
Housing Distribution
Address Breakdown
Residential
17,058
Single Family
12,652
Multi-Family
4,406
Businesses
2,001
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Listed by: Terryanne St. Pierre • MerryFox Realty
Mls Name: MLS PIN
Mls ID: #73467831