5 Larchmont Rd #3SalemMA01970
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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 Salem at 5 Larchmont Rd #3, Salem, MA, 01970 with 5% annual appreciation on a $407,800 basis while $3,462/mo rent supports operations. Total monthly income totals $3,462/mo and a $1,996/mo payment preserves $892/mo for cash returns. Annual cash flow comes to $10,700/yr on $135,186 deployed, and return on cash invested reaches 27.82% in year one. Equity gained on principal adds $2,631/yr, and five-year appreciation sums $112,668 alongside rental yield of 10.19%. Five-year ROI measures 145.44% and total cumulative return in cash totals $196,613.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,462/mo property income versus a $1,996/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Apartment
Built in N/A
N/A 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: N/A • N/A
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Mls ID: #N/A