80 Main St APT 9MaldenMA02148
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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 Malden at 80 Main St APT 9, Malden, MA, 02148 priced at $359,900 converts $2,572/mo rent into $303/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,572/mo, and annual cash flow totals $3,638/yr on $119,307 invested. Return on cash invested prints 22.96% in year one, and rental yield reads 8.58% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 119.37% and total cumulative return in cash sums $142,418. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,572/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02148, Malden, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,137 (100%) |
| Owner Occupied HU | 10,310 (36.6%) |
| Renter Occupied HU | 16,048 (57.0%) |
| Vacant Housing Units | 1,779 ( 6.3%) |
| Median Home Value | $678,935 |
| Average Home Value | $743,094 |
Housing Distribution
Address Breakdown
Residential
26,437
Single Family
16,118
Multi-Family
10,319
Businesses
1,432
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Listed by: Celemme Biennestin • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73408000