Condo Investment Properties in Salem, MA | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Condo Investment Properties for Sale in Salem, MA

Property at 8 Burnside St #2, Salem, MA
$ 309,900
ROI
24.8ROI percentage
Cash Flow/m
Dollar sign432
  • 1 Bed
  • 1 Bath
  • 596 sft
8 Burnside St #2, Salem, MA, 01970
Property at 134 Boston St #1B, Salem, MA
$ 249,000
ROI
30.1ROI percentage
Cash Flow/m
Dollar sign718
  • 1 Bed
  • 1 Bath
  • 426 sft
134 Boston St #1B, Salem, MA, 01970
Property at 18 Loring Ave #3, Salem, MA
$ 401,000
ROI
23.6ROI percentage
Cash Flow/m
Dollar sign432
  • 1 Bed
  • 1 Bath
  • 635 sft
18 Loring Ave #3, Salem, MA, 01970
Property at 18 Weatherly Dr Unit 4, Salem, MA
$ 449,000
ROI
21.6ROI percentage
Cash Flow/m
Dollar sign231
  • 2 Bed
  • 2 Bath
  • 1364 sft
18 Weatherly Dr Unit 4, Salem, MA, 01970

Why Invest in Salem, Massachusetts?

Investing in condos in Salem, MA offers a unique opportunity for steady rental income with an average rental yield of 5.2%. The local market shows an average ROI of 7.1% and a cap rate around 4.5%, reflecting sound investment fundamentals. Appreciation rates have remained stable at 3.8% annually, driven by Salem's strong demand from renters who currently occupy 62% of available housing. Additionally, average cash flow for condo investors is around $850 monthly, making Salem condos attractive for both cash flow and long-term growth.

7.1%
Avg. ROI
5.2%
Rental Yield
4.5%
Cap Rate
$850/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
3.8%
1Y Appreciation

Frequently Asked Questions

The average rental yield for condos in Salem is approximately 5.2%, reflecting good potential for rental income relative to property values.

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