8 Pine St #1PeabodyMA01960
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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
Rental property for sale in Peabody at 8 Pine St #1, Peabody, MA, 01960 priced at $349,000 pairs $3,440/mo rent with $1,240/mo cash flow after a $1,708/mo payment. Total monthly income equals $3,440/mo, and annual cash flow comes to $14,886/yr on $115,694 invested. Return on cash invested is 32.78% in year one, and rental yield stands at 11.83% on a $349,000 basis. Equity gained on principal adds $2,252/yr, and 5% annual appreciation accumulates to $96,422 by year five. Five-year ROI measures 171.99% and total cumulative return in cash reaches $198,984. For financing, Ziffy Mortgage’s DSCR program evaluates $3,440/mo property income against a $1,708/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1940
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
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Listed by: Luciano Leone Team • RE/MAX 360
Mls Name: MLS PIN
Mls ID: #73458861