40-42 Tappan St, Melrose, MA, 02176 | 6.09% Rental Yield

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Melrose at 40-42 Tappan St, Melrose, MA, 02176 with 5% annual appreciation on a $883,200 basis while $4,480/mo rent supports operations. 57% in year one. Equity gained on principal adds $5,699/yr, and five-year appreciation sums $244,012 alongside rental yield of 6.09%. Five-year ROI measures 79.71% and total cumulative return in cash totals $231,617. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,480/mo property income versus a $4,323/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in 1920

6,969 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 02176, Melrose, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,677 (100%)
Owner Occupied HU	7,802 (61.5%)
Renter Occupied HU	4,389 (34.6%)
Vacant Housing Units	486 ( 3.8%)
Median Home Value	$854,921
Average Home Value	$937,328