31 Elliott St APT 2BBeverlyMA01915
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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 Beverly at 31 Elliott St APT 2B, Beverly, MA, 01915 with 5% annual appreciation on a $431,600 basis while $3,172/mo rent supports operations. Total monthly income totals $3,172/mo and a $2,112/mo payment preserves $452/mo for cash returns. Annual cash flow comes to $5,426/yr on $143,075 deployed, and return on cash invested reaches 23.7% in year one. Equity gained on principal adds $2,785/yr, and five-year appreciation sums $119,243 alongside rental yield of 8.82%. Five-year ROI measures 123.35% and total cumulative return in cash totals $176,485.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,172/mo property income versus a $2,112/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01915, Beverly, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,093 (100%) |
| Owner Occupied HU | 10,212 (56.4%) |
| Renter Occupied HU | 7,010 (38.7%) |
| Vacant Housing Units | 871 ( 4.8%) |
| Median Home Value | $694,591 |
| Average Home Value | $776,231 |
Housing Distribution
Address Breakdown
Residential
17,058
Single Family
12,652
Multi-Family
4,406
Businesses
2,001
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Listed by: N/A • N/A
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Mls ID: #N/A