28 Elmwood CirPeabodyMA01960
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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 Peabody at 28 Elmwood Cir, Peabody, MA, 01960 priced at $612,200 converts $6,000/mo rent into $2,142/mo cash flow after a $2,996/mo obligation. Total monthly income equals $6,000/mo, and annual cash flow totals $25,702/yr on $201,414 invested. Return on cash invested prints 32.82% in year one, and rental yield reads 11.76% against a $612,200 entry. Equity gained on principal adds $3,950/yr, while 5% annual appreciation compiles into $169,140 by year five. Five-year ROI reaches 172.19% and total cumulative return in cash sums $346,814. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,000/mo property income covering a $2,996/mo payment, not borrower’s personal income.
Single Family
Built in 1948
6,098 sqft 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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