66 Richardson RdMelroseMA02176
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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 Melrose at 66 Richardson Rd, Melrose, MA, 02176 listed at $1,025,000 pairs $3,622/mo rent with a $5,017/mo payment. Total monthly income runs $3,622/mo. Return on cash invested measures 10.11% in year one, and rental yield registers 4.24% at a $1,025,000 basis. Equity gained on principal adds $6,614/yr, and annual property appreciation at 5% supports $283,189 by year five. Five-year ROI tracks 50.37% and total cumulative return in cash totals $167,284. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,622/mo property income relative to a $5,017/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02176, Melrose, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,677 (100%) |
| Owner Occupied HU | 7,802 (61.5%) |
| Renter Occupied HU | 4,389 (34.6%) |
| Vacant Housing Units | 486 ( 3.8%) |
| Median Home Value | $854,921 |
| Average Home Value | $937,328 |
Housing Distribution
Address Breakdown
Residential
12,344
Single Family
8,744
Multi-Family
3,600
Businesses
665
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Listed by: Leeman & Gately • Compass
Mls Name: MLS PIN
Mls ID: #73435224