56 Perkins Ave #56MaldenMA02148
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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 Malden at 56 Perkins Ave #56, Malden, MA, 02148 uses $165,717 cash to close to unlock $8,640/yr annual cash flow and $720/mo monthly cash flow. Total monthly income runs $3,871/mo, and a $2,447/mo payment keeps the spread at $720/mo. Purchase price stands at $499,900, and rental yield measures 9.29% with $3,871/mo rent. Return on cash invested shows 25.12% in year one, and 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 130.94% and total cumulative return in cash records $216,984. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,871/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Townhouse
Built in 1940
1,764 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02148, Malden, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,137 (100%) |
| Owner Occupied HU | 10,310 (36.6%) |
| Renter Occupied HU | 16,048 (57.0%) |
| Vacant Housing Units | 1,779 ( 6.3%) |
| Median Home Value | $678,935 |
| Average Home Value | $743,094 |
Housing Distribution
Address Breakdown
Residential
26,437
Single Family
16,118
Multi-Family
10,319
Businesses
1,432
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Listed by: Anthony Gallo • RE/MAX 360
Mls Name: MLS PIN
Mls ID: #73470886