59 Riverview AveDanversMA01923
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
Investment property for sale in Danvers at 59 Riverview Ave, Danvers, MA, 01923 offers a 2.21% rental yield on a $1,375,000 purchase with $2,531/mo rent. 84% in year one. Equity gained on principal adds $8,873/yr while 5% annual appreciation supports $379,887 over five years. Portfolio math shows five-year ROI at 16.74% and total cumulative return in cash at $74,598. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,531/mo property income against a $6,730/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
10,598 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01923, Danvers, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,985 (100%) |
| Owner Occupied HU | 8,185 (68.3%) |
| Renter Occupied HU | 3,242 (27.1%) |
| Vacant Housing Units | 558 ( 4.7%) |
| Median Home Value | $677,909 |
| Average Home Value | $714,250 |
Housing Distribution
Address Breakdown
Residential
11,546
Single Family
8,892
Multi-Family
2,654
Businesses
1,526
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lauren Mears • J. Barrett & Company
Mls Name: MLS PIN
Mls ID: #73437840