34 Bayview Ter APT 3DanversMA01923
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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 Danvers at 34 Bayview Ter APT 3, Danvers, MA, 01923 priced at $358,000 pairs $2,513/mo rent with $5/mo cash flow after a $1,752/mo payment. Total monthly income equals $2,513/mo, and annual cash flow comes to $58/yr on $118,677 invested. Return on cash invested is 19.96% in year one, and rental yield stands at 8.42% on a $358,000 basis. Equity gained on principal adds $2,310/yr, and 5% annual appreciation accumulates to $98,909 by year five. Five-year ROI measures 104.17% and total cumulative return in cash reaches $123,630. For financing, Ziffy Mortgage’s DSCR program evaluates $2,513/mo property income against a $1,752/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1963
N/A lot
$N/A/sqft
$252 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,546
Single Family
8,892
Multi-Family
2,654
Businesses
1,526
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Listed by: Nathan Seavey • Leading Edge Real Estate
Mls Name: MLS PIN
Mls ID: #73373580
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