34 Moffatt Rd #34SalemMA01970
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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 34 Moffatt Rd #34, Salem, MA, 01970 uses $147,518 cash to close to unlock $5,703/yr annual cash flow and $475/mo monthly cash flow. Total monthly income runs $3,280/mo, and a $2,178/mo payment keeps the spread at $475/mo. Purchase price stands at $445,000, and rental yield measures 8.84% with $3,280/mo rent. Return on cash invested shows 23.78% in year one, and 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 123.75% and total cumulative return in cash records $182,552. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,280/mo property income covering a $2,178/mo payment rather than investor’s personal income.
Townhouse
Built in 1920
4,905 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: Sabrina Carr Group • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73468116