6 McDewell Ave APT 16DanversMA01923
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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 Danvers at 6 McDewell Ave APT 16, Danvers, MA, 01923 with 5% annual appreciation on a $329,900 basis while $2,539/mo rent supports operations. Total monthly income totals $2,539/mo and a $1,615/mo payment preserves $459/mo for cash returns. Annual cash flow comes to $5,513/yr on $109,362 deployed, and return on cash invested reaches 24.95% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,145 alongside rental yield of 9.24%. Five-year ROI measures 130.05% and total cumulative return in cash totals $142,227.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,539/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1967
N/A 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: Marilyn Turley • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73428473