348 Rantoul St UNIT 202BeverlyMA01915
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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 348 Rantoul St UNIT 202, Beverly, MA, 01915 uses $110,970 cash to close to unlock $4,063/yr annual cash flow and $339/mo monthly cash flow. Total monthly income runs $2,448/mo, and a $1,638/mo payment keeps the spread at $339/mo. Purchase price stands at $334,750, and rental yield measures 8.78% with $2,448/mo rent. Return on cash invested shows 23.57% in year one, and 5% annual appreciation builds toward $92,485 over five years. Five-year ROI reaches 122.63% and total cumulative return in cash records $136,082. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,448/mo property income covering a $1,638/mo payment rather than investor’s personal income.
Condo
Built in 1989
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: Thomas Mario • Century 21 Mario Real Estate
Mls Name: MLS PIN
Mls ID: #73461051