494 Salem StMaldenMA02148
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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 Malden at 494 Salem St, Malden, MA, 02148 offers $5,173/mo rent that, after a $3,426/mo payment, leaves $761/mo cash flow. Total monthly income is $5,173/mo, and annual cash flow is $9,136/yr on $230,267 cash. Return on cash invested measures 24.03% in year one, and rental yield stands at 8.87% at a $699,900 entry. Equity gained on principal adds $4,516/yr while 5% annual appreciation compounds into $193,369 by year five. Five-year ROI records 125.05% and total cumulative return in cash reaches $287,948. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,173/mo property income versus a $3,426/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1870
7,122 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02148, Malden, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,137 (100%) |
| Owner Occupied HU | 10,310 (36.6%) |
| Renter Occupied HU | 16,048 (57.0%) |
| Vacant Housing Units | 1,779 ( 6.3%) |
| Median Home Value | $678,935 |
| Average Home Value | $743,094 |
Housing Distribution
Address Breakdown
Residential
26,437
Single Family
16,118
Multi-Family
10,319
Businesses
1,432
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Listed by: Deborah Miller • Littlefield Real Estate, LLC
Mls Name: MLS PIN
Mls ID: #73404838