9 Endicott St #BDanversMA01923
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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 Danvers at 9 Endicott St #B, Danvers, MA, 01923 priced at $805,000 converts $5,128/mo rent into $54/mo cash flow after a $3,940/mo obligation. Total monthly income equals $5,128/mo, and annual cash flow totals $651/yr on $264,845 invested. Return on cash invested prints 20.31% in year one, and rental yield reads 7.64% against a $805,000 entry. Equity gained on principal adds $5,195/yr, while 5% annual appreciation compiles into $222,407 by year five. Five-year ROI reaches 105.09% and total cumulative return in cash sums $278,333. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,128/mo property income covering a $3,940/mo payment, not borrower’s personal income.
Townhouse
Built in 2013
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01923, Danvers, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,985 (100%) |
| Owner Occupied HU | 8,185 (68.3%) |
| Renter Occupied HU | 3,242 (27.1%) |
| Vacant Housing Units | 558 ( 4.7%) |
| Median Home Value | $677,909 |
| Average Home Value | $714,250 |
Housing Distribution
Address Breakdown
Residential
11,546
Single Family
8,892
Multi-Family
2,654
Businesses
1,526
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Listed by: Sue Trainoff • Cameron Real Estate Group
Mls Name: MLS PIN
Mls ID: #73421636