6 Laurine RdDanversMA01923
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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 Danvers at 6 Laurine Rd, Danvers, MA, 01923 priced at $559,000 pairs $3,936/mo rent with $413/mo cash flow after a $2,736/mo payment. Total monthly income equals $3,936/mo, and annual cash flow comes to $4,953/yr on $183,911 invested. Return on cash invested is 22.75% in year one, and rental yield stands at 8.45% on a $559,000 basis. Equity gained on principal adds $3,607/yr, and 5% annual appreciation accumulates to $154,441 by year five. Five-year ROI measures 118.21% and total cumulative return in cash reaches $217,407. For financing, Ziffy Mortgage’s DSCR program evaluates $3,936/mo property income against a $2,736/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
8,359 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
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Listed by: Ron Supino • Berkshire Hathaway HomeServices Commonwealth Real Estate
Mls Name: MLS PIN
Mls ID: #73470238