4 Witchcraft RdSalemMA01970
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Nearby investment properties with comparable prices
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 Salem at 4 Witchcraft Rd, Salem, MA, 01970 priced at $685,000 converts $6,234/mo rent into $1,916/mo cash flow after a $3,353/mo obligation. Total monthly income equals $6,234/mo, and annual cash flow totals $22,995/yr on $225,365 invested. Return on cash invested prints 30.26% in year one, and rental yield reads 10.92% against a $685,000 entry. Equity gained on principal adds $4,420/yr, while 5% annual appreciation compiles into $189,253 by year five. Five-year ROI reaches 158.5% and total cumulative return in cash sums $357,202. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,234/mo property income covering a $3,353/mo payment, not borrower’s personal income.
Single Family
Built in 1965
7,113 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: JigSaw Team • Citylight Homes LLC
Mls Name: MLS PIN
Mls ID: #73392633