4 Elm St #3PeabodyMA01960
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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 Peabody at 4 Elm St #3, Peabody, MA, 01960 offers a 10.56% rental yield on a $315,000 purchase with $2,772/mo rent. Total monthly income registers $2,772/mo, and a $1,542/mo payment leaves $786/mo available for distribution. Annual cash flow reaches $9,436/yr on $104,423 to close, and return on cash invested stands at 28.95% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 151.47% and total cumulative return in cash at $158,165. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,772/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01960, Peabody, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,336 (100%) |
| Owner Occupied HU | 14,624 (62.7%) |
| Renter Occupied HU | 7,863 (33.7%) |
| Vacant Housing Units | 849 ( 3.6%) |
| Median Home Value | $634,604 |
| Average Home Value | $657,731 |
Housing Distribution
Address Breakdown
Residential
22,180
Single Family
16,670
Multi-Family
5,510
Businesses
1,989
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Listed by: Jackelyn Enslow • J. Barrett & Company
Mls Name: MLS PIN
Mls ID: #73456780