30 Hanson StSalemMA01970
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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 Salem at 30 Hanson St, Salem, MA, 01970 at $620,000 posts ROI 29.55% with $1,614/mo cash flow from $5,522/mo rent. Total monthly income equals $5,522/mo, and annual cash flow records $19,366/yr on $203,980 to close. Return on cash invested measures 29.55% and rental yield reads 10.69% at the current $620,000. Equity gained on principal adds $4,001/yr, and 5% annual appreciation supports $171,295 by year five. Five-year ROI prints 154.68% and total cumulative return in cash totals $315,507.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,522/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
4,299 sqft lot
$N/A/sqft
No 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: Sarah MacBurnie • Ocean's Edge Real Estate
Mls Name: MLS PIN
Mls ID: #73409242