33 Water St APT 7, Danvers, MA, 01923 | $314/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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33 Water St APT 7, Danvers, MA, 01923 | $314/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Danvers at 33 Water St APT 7, Danvers, MA, 01923 uses $197,071 cash to close to unlock $3,773/yr annual cash flow and $314/mo monthly cash flow. Total monthly income runs $4,090/mo, and a $2,932/mo payment keeps the spread at $314/mo. Purchase price stands at $599,000, and rental yield measures 8.19% with $4,090/mo rent. Return on cash invested shows 21.97% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 114.04% and total cumulative return in cash records $224,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,090/mo property income covering a $2,932/mo payment rather than investor’s personal income.

Townhouse

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

Impeccably maintained, this townhouse showcases pride of ownership across three levels of comfortable living including a deeded Garage. The bright, sunny living room offers a cozy wood-burning fireplace, gleaming wood floors, and views overlooking the Crane river and spacious yard. The well-equipped kitchen also features natural light from several windows, granite counters, beautiful cabinets and a charming dining area with additional natural light. The primary suite includes plush carpeting, a full bath, large closet, and lovely river views. The guest bedroom is generously sized, and the third room offers flexibility as an office, den, or additional guest space. The lower level includes a finished family/playroom or gym, abundant storage area and washer and dryer for convenience. There is brand new Heating and Air conditioning system. Conveniently located with easy access to highways, shopping, and restaurants in every direction. OH Sat/Sun 11-1 (offers due Tues at noon)

Neighborhood Data

Neighborhood data shown for ZIP Code: 01923, Danvers, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,985 (100%)
Owner Occupied HU	8,185 (68.3%)
Renter Occupied HU	3,242 (27.1%)
Vacant Housing Units	558 ( 4.7%)
Median Home Value	$677,909
Average Home Value	$714,250