97 Sylvan St Unit 7DanversMA01923
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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 Danvers at 97 Sylvan St Unit 7, Danvers, MA, 01923 uses $174,041 cash to close to unlock $9,144/yr annual cash flow and $762/mo monthly cash flow. Total monthly income runs $4,096/mo, and a $2,589/mo payment keeps the spread at $762/mo. Purchase price stands at $529,000, and rental yield measures 9.29% with $4,096/mo rent. Return on cash invested shows 25.31% in year one, and 5% annual appreciation builds toward $146,153 over five years. Five-year ROI reaches 131.93% and total cumulative return in cash records $229,613. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,096/mo property income covering a $2,589/mo payment rather than investor’s personal income.
Townhouse
Built in 1905
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: Steve Yang • eXp Realty
Mls Name: MLS PIN
Mls ID: #73471515