730 Salem St #BGrovelandMA01834
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 730 Salem St #B, Groveland, MA, 01834 in Groveland: $4,238/mo in rent, $715/mo in net income, 9.1% gross yield, 1.69 DSCR, all at $559,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $154,441 in appreciation and $5,148/yr in principal paydown projects total cumulative return of $258,213.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 5.0% |
| Monthly Cash Flow | $715 | $150 |
City averages based on Groveland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,238 |
| Total Monthly Debt Service | $3,301 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Davis McVay • Keller Williams Realty Evolution
Mls Name: MLS PIN
Mls ID: #73402391