295 Salem St UNIT 69WoburnMA01801
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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
Total monthly income runs $3,560/mo, and a $2,936/mo payment. Purchase price stands at $599,900, and rental yield measures 7.12% with $3,560/mo rent. Return on cash invested shows 18.72% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 96.59% and total cumulative return in cash records $190,636. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,560/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01801, Woburn, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,379 (100%) |
| Owner Occupied HU | 10,223 (55.6%) |
| Renter Occupied HU | 7,149 (38.9%) |
| Vacant Housing Units | 1,007 ( 5.5%) |
| Median Home Value | $719,052 |
| Average Home Value | $775,984 |
Housing Distribution
Address Breakdown
Residential
17,863
Single Family
13,195
Multi-Family
4,668
Businesses
2,984
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Listed by: The Parker Group • RE/MAX Encore
Mls Name: MLS PIN
Mls ID: #73431422