8 Franklin St UNIT 18MarbleheadMA01945
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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 Marblehead at 8 Franklin St UNIT 18, Marblehead, MA, 01945 uses $89,936 cash to close to unlock $5,219/yr annual cash flow and $435/mo monthly cash flow. Total monthly income runs $2,375/mo, and a $1,328/mo payment keeps the spread at $435/mo. Purchase price stands at $271,300, and rental yield measures 10.5% with $2,375/mo rent. Return on cash invested shows 25.71% in year one, and 5% annual appreciation builds toward $74,955 over five years. Five-year ROI reaches 135.2% and total cumulative return in cash records $121,597. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,375/mo property income covering a $1,328/mo payment rather than investor’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
$230 monthly 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: N/A • N/A
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