76 Water St, Danvers, MA, 01923 | 4.96% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1281 sft

404 Paradise Rd APT 1T, Swampscott, MA, 01907

2 Bed
1 Bath
980 sft

17 Bourbon St APT 75, Peabody, MA, 01960

2 Bed
2 Bath
1360 sft

17 Stone St #C, Beverly, MA, 01915

2 Bed
2 Bath
968 sft

33 Maplewood Ave APT 20, Gloucester, MA, 01930

Nearby investment properties with comparable prices

3 Bed
2 Bath
1760 sft

92 Milner St, Waltham, MA, 02451

2 Bed
2 Bath
784 sft

3 Franklin St #C, Somerville, MA, 02145

3 Bed
2 Bath
1200 sft

15 Maple St, Melrose, MA, 02176

3 Bed
2 Bath
1644 sft

85 Marshall St, Medford, MA, 02155

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Danvers at 76 Water St, Danvers, MA, 01923 with 5% annual appreciation on a $899,900 basis while $3,718/mo rent supports operations. 14% in year one. Equity gained on principal adds $5,807/yr, and five-year appreciation sums $248,626 alongside rental yield of 4.96%. Five-year ROI measures 61.29% and total cumulative return in cash totals $181,456. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,718/mo property income versus a $4,405/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in 1850

7,326 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 01923, Danvers, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,985 (100%)
Owner Occupied HU	8,185 (68.3%)
Renter Occupied HU	3,242 (27.1%)
Vacant Housing Units	558 ( 4.7%)
Median Home Value	$677,909
Average Home Value	$714,250