290 Washington St #2, Marblehead, MA, 01945 | 7.26% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $3,442/mo, and a $2,785/mo payment. Purchase price stands at $569,000, and rental yield measures 7.26% with $3,442/mo rent. Return on cash invested shows 19.14% in year one, and 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 98.81% and total cumulative return in cash records $184,967. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,442/mo property income covering a $2,785/mo payment rather than investor’s personal income.

Condo

Built in 2024

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 01945, Marblehead, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,975 (100%)
Owner Occupied HU	6,644 (74.0%)
Renter Occupied HU	1,712 (19.1%)
Vacant Housing Units	619 ( 6.9%)
Median Home Value	$959,132
Average Home Value	$1,107,514