51 Melrose St APT 4DMelroseMA02176
Nearby investment properties with comparable rents
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 Melrose at 51 Melrose St APT 4D, Melrose, MA, 02176 priced at $599,000 pairs $3,384/mo rent with after a $2,932/mo payment. Total monthly income equals $3,384/mo. Return on cash invested is 17.68% in year one, and rental yield stands at 6.78% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 90.99% and total cumulative return in cash reaches $179,314. For financing, Ziffy Mortgage’s DSCR program evaluates $3,384/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1972
N/A 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 |
Housing Distribution
Address Breakdown
Residential
12,344
Single Family
8,744
Multi-Family
3,600
Businesses
665
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Souzan Davood Team • Coldwell Banker Realty - Newton
Mls Name: MLS PIN
Mls ID: #73468696