28 Columbus Ave APT 4BeverlyMA01915
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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 Beverly at 28 Columbus Ave APT 4, Beverly, MA, 01915 at $269,900 posts ROI 29.54% with $718/mo cash flow from $2,419/mo rent. Total monthly income equals $2,419/mo, and annual cash flow records $8,615/yr on $89,472 to close. Return on cash invested measures 29.54% and rental yield reads 10.76% at the current $269,900. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 by year five. Five-year ROI prints 154.62% and total cumulative return in cash totals $138,342.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,419/mo property income rather than your personal income records (W2s, Paystubs, and 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: Mark M. Wade • Coldwell Banker Realty - Marblehead
Mls Name: MLS PIN
Mls ID: #73465806