56 Orchard LnMelroseMA02176
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 56 Orchard Ln, Melrose, MA, 02176 in Melrose is capital appreciation. Rental yield 5.7%. The 5.7% gross yield at $992,500 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $274,209 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (1.06) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $277,731.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.7% | 6.0% |
| Monthly Cash Flow | $(1,541) | $1,200 |
City averages based on Melrose market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $4,715 |
| Total Monthly Debt Service | $5,861 |
| DSCR Ratio | 0.80x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1947
8,455 sqft 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
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
Single Family
Built in 1947
8,455 sqft 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: N/A • N/A
Mls Name: MLS PIN
Mls ID: #73510623