292 Salem St APT 503RevereMA02151
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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 Revere at 292 Salem St APT 503, Revere, MA, 02151 earns $354/mo cash flow from $3,348/mo rent with a $2,325/mo payment. Total monthly income totals $3,348/mo, and annual cash flow totals $4,248/yr on $157,463 capital. ROI tracks 22.61% on current figures, and rental yield reads 8.46% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 117.48% and total cumulative return in cash sums $184,987. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,348/mo property income instead of your personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02151, Revere, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,738 (100%) |
| Owner Occupied HU | 10,397 (40.4%) |
| Renter Occupied HU | 13,021 (50.6%) |
| Vacant Housing Units | 2,320 ( 9.0%) |
| Median Home Value | $621,936 |
| Average Home Value | $649,543 |
Housing Distribution
Address Breakdown
Residential
22,364
Single Family
14,226
Multi-Family
8,138
Businesses
1,047
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Listed by: Kathy Devine • Dvine1 Real Estate
Mls Name: MLS PIN
Mls ID: #73431058