5 Florence StDanversMA01923
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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 5 Florence St, Danvers, MA, 01923 offers $3,695/mo rent that, after a $2,937/mo payment. Total monthly income is $3,695/mo. Return on cash invested measures 19.53% in year one, and rental yield stands at 7.39% at a $599,999 entry. Equity gained on principal adds $3,872/yr while 5% annual appreciation compounds into $165,769 by year five. Five-year ROI records 100.92% and total cumulative return in cash reaches $199,223. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,695/mo property income versus a $2,937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,334 sqft 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: Paul Atwood • Return Realty Group, Inc.
Mls Name: MLS PIN
Mls ID: #73413698