35 Bayview Ter APT 7DanversMA01923
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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 35 Bayview Ter APT 7, Danvers, MA, 01923 offers $2,260/mo rent that, after a $1,542/mo payment, leaves $274/mo cash flow. Total monthly income is $2,260/mo, and annual cash flow is $3,292/yr on $104,423 cash. Return on cash invested measures 23.06% in year one, and rental yield stands at 8.61% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 119.92% and total cumulative return in cash reaches $125,225. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,260/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1963
N/A lot
$N/A/sqft
No 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: Anthony Bruno • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73470795