98 Northridge Rd #98BeverlyMA01915
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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 Beverly at 98 Northridge Rd #98, Beverly, MA, 01915 generates $1,551/mo in rent and, after a $978/mo payment, leaves $291/mo in cash flow. Total monthly income is $1,551/mo, and annual cash flow is $3,498/yr on $66,267 invested. Return on cash invested sits at 25.19% in year one, and rental yield is 9.31% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 131.32% and total cumulative return in cash sums $87,025. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,551/mo property income rather than buyer’s personal income.
Townhouse
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01915, Beverly, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,093 (100%) |
| Owner Occupied HU | 10,212 (56.4%) |
| Renter Occupied HU | 7,010 (38.7%) |
| Vacant Housing Units | 871 ( 4.8%) |
| Median Home Value | $694,591 |
| Average Home Value | $776,231 |
Housing Distribution
Address Breakdown
Residential
17,058
Single Family
12,652
Multi-Family
4,406
Businesses
2,001
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Listed by: Christopher Carnevale • Coldwell Banker Realty - Beverly
Mls Name: MLS PIN
Mls ID: #73460019