53 Southern AveEssexMA01929
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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 Essex at 53 Southern Ave, Essex, MA, 01929 offers a 2.98% rental yield on a $1,603,700 purchase with $3,979/mo rent. 22% in year one. Equity gained on principal adds $10,348/yr while 5% annual appreciation supports $443,073 over five years. Portfolio math shows five-year ROI at 29.47% and total cumulative return in cash at $153,121. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,979/mo property income against a $7,849/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1972
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01929, Essex, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,653 (100%) |
| Owner Occupied HU | 1,088 (65.8%) |
| Renter Occupied HU | 398 (24.1%) |
| Vacant Housing Units | 167 (10.1%) |
| Median Home Value | $891,454 |
| Average Home Value | $952,275 |
Housing Distribution
Address Breakdown
Residential
1,374
Single Family
1,257
Multi-Family
117
Businesses
220
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Listed by: N/A • N/A
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