8 Ledgewood Way APT 17PeabodyMA01960
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 Peabody at 8 Ledgewood Way APT 17, Peabody, MA, 01960 priced at $479,000 pairs $3,571/mo rent with $552/mo cash flow after a $2,344/mo payment. Total monthly income equals $3,571/mo, and annual cash flow comes to $6,629/yr on $158,789 invested. Return on cash invested is 24.08% in year one, and rental yield stands at 8.95% on a $479,000 basis. Equity gained on principal adds $3,091/yr, and 5% annual appreciation accumulates to $132,339 by year five. Five-year ROI measures 125.38% and total cumulative return in cash reaches $199,095. For financing, Ziffy Mortgage’s DSCR program evaluates $3,571/mo property income against a $2,344/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01960, Peabody, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,336 (100%) |
| Owner Occupied HU | 14,624 (62.7%) |
| Renter Occupied HU | 7,863 (33.7%) |
| Vacant Housing Units | 849 ( 3.6%) |
| Median Home Value | $634,604 |
| Average Home Value | $657,731 |
Housing Distribution
Address Breakdown
Residential
22,180
Single Family
16,670
Multi-Family
5,510
Businesses
1,989
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Luciano Leone Team • RE/MAX 360
Mls Name: MLS PIN
Mls ID: #73407459