7 Mechanic CtMarbleheadMA01945
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 Mechanic Ct, Marblehead, MA, 01945 offers $4,676/mo rent that, after a $4,894/mo payment. Total monthly income is $4,676/mo. Return on cash invested measures 14.13% in year one, and rental yield stands at 5.61% at a $999,900 entry. Equity gained on principal adds $6,452/yr while 5% annual appreciation compounds into $276,254 by year five. Five-year ROI records 71.95% and total cumulative return in cash reaches $236,708. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,676/mo property income versus a $4,894/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1850
4,382 sqft 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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Listed by: Kimberly Pyne • The Agency Marblehead
Mls Name: MLS PIN
Mls ID: #73469946