78 Endicott St, Peabody – A 4-unit property with all 2BR/1BA layouts and off-street parking in a prime location near Route 128, the commuter rail, and Salem—just a 30-minute drive to Boston.Investment Breakdown:Purchase Price: $900K20% Down Payment @ 7% Interest: $180K → P&I = $4,790/monthRenovation Estimate: $200K ($50K/unit) → Total investment: $340KOperating Expenses: ~$18K/year (taxes & insurance)Stabilized Rents: $2,300/unit (market comps)Cash-on-Cash Return: 9% when stabilizedThis deal checks a lot of boxes:Max units for residential financing – You could live here & house hackCosmetic rehab potential – Flooring, cabinets, counters, appliances, paint (~$50K/unit)Strong long-term ROI – Factoring in principal paydown + 2% appreciation, a 5-year stabilized ROI of ~75%Pre-pandemic, these deals were more common closer to the city, but now we’re looking slightly further out—yet they still work as wealth-building assets.

I used to live in the city and the taxes and water bills are nightmares.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Duck Creek Village.

Purchase price: $190,000

Cash invested: $34,000

Triplex, ranch style.

The City/County/State rent caps only apply to leases that are being renewed. 

I hired a surveyor,  engineer and ran through the process with the city myself. 

Phoenix is a huge city, and there are still growth opportunities within it. 

Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.

I like investing near big cities, Indianapolis, Atlanta, etc. 

Hi everyone, How long does eviction take in Kansas City?

@Corey Curtin has been a stellar agent for my clients.I heard things that involve the city like zoning/permits can take a while in Birmingham compared to other AL markets so I'd be cautious of that.