Is Danvers, MA a good place to invest in rental property?

Danvers, MA has a median modeled monthly cash flow of $-1,861 and a median cap rate of 3.0%, on a median sold price of $663,500. Prices changed +9.5% year over year.

What is the average cap rate in Danvers, MA?

The median cap rate across recently sold homes in Danvers, MA is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Danvers, MA?

The median sold price in Danvers, MA is $663,500 (about $399 per square foot).

Investing in Danvers, MA Real Estate

A data-driven snapshot of the Danvers, MA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$663,500Median sold price

$399Median $/sqft

3.0%Median cap rate

$-1,861Modeled cash flow / mo

+9.5%Appreciation YoY

7.0Months of supply

140Active listings

240Sold (last 12 mo)

What the Danvers numbers say

In Danvers, MA, the median home sold for $663,500 (about $399 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-1,861 of monthly cash flow. Sold prices moved +9.5% over the past year. Inventory sits at about 7.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Massachusetts markets to compare

See Danvers cash-flowing listings

CashFlowRE ranks every for-sale home in Danvers, MA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Danvers deals, or browse the national market data.