62 Chestnut St #1SaugusMA01906
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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 Saugus at 62 Chestnut St #1, Saugus, MA, 01906 with 5% annual appreciation on a $399,000 basis while $3,802/mo rent supports operations. Total monthly income totals $3,802/mo and a $1,953/mo payment preserves $1,287/mo for cash returns. Annual cash flow comes to $15,445/yr on $132,269 deployed, and return on cash invested reaches 31.59% in year one. Equity gained on principal adds $2,575/yr, and five-year appreciation sums $110,236 alongside rental yield of 11.43%. Five-year ROI measures 165.64% and total cumulative return in cash totals $219,086.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,802/mo property income versus a $1,953/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1890
7,532 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01906, Saugus, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,289 (100%) |
| Owner Occupied HU | 8,365 (68.1%) |
| Renter Occupied HU | 3,110 (25.3%) |
| Vacant Housing Units | 814 ( 6.6%) |
| Median Home Value | $657,725 |
| Average Home Value | $695,891 |
Housing Distribution
Address Breakdown
Residential
11,228
Single Family
9,393
Multi-Family
1,835
Businesses
913
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Listed by: Nikki Martin Team • Compass
Mls Name: MLS PIN
Mls ID: #73439080