730 Salem St #BGrovelandMA01834
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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 Groveland at 730 Salem St #B, Groveland, MA, 01834 listed at $559,000 pairs $4,238/mo rent with a $2,736/mo payment to leave $715/mo cash flow. Total monthly income runs $4,238/mo, and annual cash flow reaches $8,577/yr on $183,911 cash to close. Return on cash invested measures 24.72% in year one, and rental yield registers 9.1% at a $559,000 basis. Equity gained on principal adds $3,607/yr, and annual property appreciation at 5% supports $154,441 by year five. Five-year ROI tracks 128.78% and total cumulative return in cash totals $236,835. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,238/mo property income relative to a $2,736/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1930
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01834, Groveland, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,587 (100%) |
| Owner Occupied HU | 2,118 (81.9%) |
| Renter Occupied HU | 399 (15.4%) |
| Vacant Housing Units | 70 ( 2.7%) |
| Median Home Value | $634,319 |
| Average Home Value | $652,742 |
Housing Distribution
Address Breakdown
Residential
2,559
Single Family
2,396
Multi-Family
163
Businesses
144
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Listed by: Davis McVay • Keller Williams Realty Evolution
Mls Name: MLS PIN
Mls ID: #73402391