29 Rockway RdPeabodyMA01960
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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 29 Rockway Rd, Peabody, MA, 01960 priced at $499,900 converts $4,396/mo rent into $1,245/mo cash flow after a $2,447/mo obligation. Total monthly income equals $4,396/mo, and annual cash flow totals $14,940/yr on $165,717 invested. Return on cash invested prints 28.92% in year one, and rental yield reads 10.55% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 151.33% and total cumulative return in cash sums $250,776. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,396/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1984
0.28 Acres 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: Maria Salzillo • J. Barrett & Company
Mls Name: MLS PIN
Mls ID: #73459020