3 Waters St #3SalemMA01970
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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 Salem at 3 Waters St #3, Salem, MA, 01970 priced at $555,000 pairs $3,948/mo rent with $100/mo cash flow after a $2,716/mo payment. Total monthly income equals $3,948/mo, and annual cash flow comes to $1,204/yr on $182,595 invested. Return on cash invested is 20.72% in year one, and rental yield stands at 8.54% on a $555,000 basis. Equity gained on principal adds $3,581/yr, and 5% annual appreciation accumulates to $153,336 by year five. Five-year ROI measures 108.15% and total cumulative return in cash reaches $197,468. For financing, Ziffy Mortgage’s DSCR program evaluates $3,948/mo property income against a $2,716/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2005
7,436 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01970, Salem, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,846 (100%) |
| Owner Occupied HU | 10,263 (49.2%) |
| Renter Occupied HU | 9,561 (45.9%) |
| Vacant Housing Units | 1,022 ( 4.9%) |
| Median Home Value | $626,422 |
| Average Home Value | $665,116 |
Housing Distribution
Address Breakdown
Residential
18,571
Single Family
12,690
Multi-Family
5,881
Businesses
1,702
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Listed by: James Roche • Red Tree Real Estate
Mls Name: MLS PIN
Mls ID: #73408097
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