7 Lee St #3MarbleheadMA01945
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Marblehead at 7 Lee St #3, Marblehead, MA, 01945 priced at $375,000 pairs $2,758/mo rent with $395/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,758/mo, and annual cash flow comes to $4,738/yr on $124,313 invested. Return on cash invested is 23.72% in year one, and rental yield stands at 8.83% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 123.43% and total cumulative return in cash reaches $153,435. For financing, Ziffy Mortgage’s DSCR program evaluates $2,758/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1830
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Siobhan Phelan • Coldwell Banker Realty - Marblehead
Mls Name: MLS PIN
Mls ID: #73469652