89 Lovell RdMelroseMA02176
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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 Melrose at 89 Lovell Rd, Melrose, MA, 02176 priced at $1,075,000 pairs $4,526/mo rent with after a $5,262/mo payment. Total monthly income equals $4,526/mo. Return on cash invested is 12.62% in year one, and rental yield stands at 5.05% on a $1,075,000 basis. Equity gained on principal adds $6,937/yr, and 5% annual appreciation accumulates to $297,003 by year five. Five-year ROI measures 63.81% and total cumulative return in cash reaches $222,246. For financing, Ziffy Mortgage’s DSCR program evaluates $4,526/mo property income against a $5,262/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1928
5,358 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02176, Melrose, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,677 (100%) |
| Owner Occupied HU | 7,802 (61.5%) |
| Renter Occupied HU | 4,389 (34.6%) |
| Vacant Housing Units | 486 ( 3.8%) |
| Median Home Value | $854,921 |
| Average Home Value | $937,328 |
Housing Distribution
Address Breakdown
Residential
12,344
Single Family
8,744
Multi-Family
3,600
Businesses
665
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Listed by: Anne Spry • Barrett Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73466246