58 Franklin St #58MelroseMA02176
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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
Rental property for sale in Melrose at 58 Franklin St #58, Melrose, MA, 02176 generates $5,400/mo in rent and, after a $3,621/mo payment, leaves $737/mo in cash flow. Total monthly income is $5,400/mo, and annual cash flow is $8,844/yr on $243,427 invested. Return on cash invested sits at 23.69% in year one, and rental yield is 8.76% on a $739,900 entry. Equity gained on principal adds $4,774/yr, while 5% annual appreciation builds toward $204,421 over five years. Five-year ROI reaches 123.25% and total cumulative return in cash sums $300,015. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,400/mo property income rather than buyer’s personal income.
Condo
Built in 1900
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
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Listed by: Leeman & Gately • Compass
Mls Name: MLS PIN
Mls ID: #73474838