9 Scotia StSalemMA01970
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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
Investment property for sale in Salem at 9 Scotia St, Salem, MA, 01970 at $589,900 posts ROI 24.16% with $663/mo cash flow from $4,381/mo rent. Total monthly income equals $4,381/mo, and annual cash flow records $7,959/yr on $194,077 to close. Return on cash invested measures 24.16% and rental yield reads 8.91% at the current $589,900. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $162,978 by year five. Five-year ROI prints 125.77% and total cumulative return in cash totals $244,089.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,381/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1959
6,778 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01970, Salem, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,846 (100%) |
| Owner Occupied HU | 10,263 (49.2%) |
| Renter Occupied HU | 9,561 (45.9%) |
| Vacant Housing Units | 1,022 ( 4.9%) |
| Median Home Value | $626,422 |
| Average Home Value | $665,116 |
Housing Distribution
Address Breakdown
Residential
18,571
Single Family
12,690
Multi-Family
5,881
Businesses
1,702
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Listed by: Matthew Power • 1 Percent Realty, LLC
Mls Name: MLS PIN
Mls ID: #73420017