62 Longview DrMarbleheadMA01945
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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 Marblehead at 62 Longview Dr, Marblehead, MA, 01945 offers a 7.81% rental yield on a $958,700 purchase with $6,240/mo rent. Total monthly income registers $6,240/mo, and a $4,692/mo payment leaves $198/mo available for distribution. Annual cash flow reaches $2,374/yr on $315,412 to close, and return on cash invested stands at 20.81% in year one. Equity gained on principal adds $6,186/yr while 5% annual appreciation supports $264,871 over five years. Portfolio math shows five-year ROI at 107.8% and total cumulative return in cash at $340,005. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,240/mo property income against a $4,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01945, Marblehead, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,975 (100%) |
| Owner Occupied HU | 6,644 (74.0%) |
| Renter Occupied HU | 1,712 (19.1%) |
| Vacant Housing Units | 619 ( 6.9%) |
| Median Home Value | $959,132 |
| Average Home Value | $1,107,514 |
Housing Distribution
Address Breakdown
Residential
8,778
Single Family
8,126
Multi-Family
652
Businesses
936
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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