31 Black Rock RdMelroseMA02176
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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 Melrose at 31 Black Rock Rd, Melrose, MA, 02176 at $649,900 posts ROI 17.04% with from $3,558/mo rent. Total monthly income equals $3,558/mo. Return on cash invested measures 17.04% and rental yield reads 6.57% at the current $649,900. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,555 by year five. Five-year ROI prints 87.57% and total cumulative return in cash totals $187,242. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,558/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1946
7,706 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02176, Melrose, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,677 (100%) |
| Owner Occupied HU | 7,802 (61.5%) |
| Renter Occupied HU | 4,389 (34.6%) |
| Vacant Housing Units | 486 ( 3.8%) |
| Median Home Value | $854,921 |
| Average Home Value | $937,328 |
Housing Distribution
Address Breakdown
Residential
12,344
Single Family
8,744
Multi-Family
3,600
Businesses
665
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Listed by: The Leva Group • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73424898