Salem, MA
3 Beds
3 Baths
Available: 11/15/2024
*
Rent prices for units in luxury buildings change frequently subject to floor level, view, floor plan, and market conditions. Call for latest pricing.
$4,000/mo
Heat Included

Amenities & Apartment Information

Unit

Pet Friendly
In-Unit Laundry

Property Description

Charming, updated 3 bedroom, 2 1/2 BA home for rent. This jewel has a detached 2 car garage, all hardwood floors, beautiful chef's kitchen and a master bath to die for!!! Used to be 4 bedroom but one room converted to walk in closet/storage/office. All hardwood floors, bonus sunroom and pantry. 3/4 mile to downtown Salem/T/Museum. Tenant responsible for heat, electric, hot water, lawn maintenance, snow removal and sidewalk clearing. NO SMOKING in or on the premises. Credit/Eviction/Criminal reports to be run at applicant's expense. ($43 non-refundable)) Must have excellent credit/references/income.

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Price Comparison

The average rent price for 3 bedroom apartments in Salem is not available. There may be very few units like this currently on the market in Salem. Contact us about this great unit before it's gone!

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:
$160,000 - $192,000
You + 2 Roommates, Each:
$53,333 - $64,000
A range of 25-30% is usually the recommended amount of household or combined gross income to spend on rent. This is also what many landlords are looking for in a prospective tenant, a group of roommates, or their cosigner(s). Remember, this is just a suggestion and does not take into account any other expenses you may have.

Rent Calculator

How much do you (or your cosigner) earn each year before taxes?

High Range

35% of Gross Income

$5,600

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Mid Range

25% of Gross Income

$4,000

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Low Range

15% of Gross Income

$2,400

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Have You Considered Buying Your Own Home?

Instead of paying $4,000/mo in rent, these homes may have a similar monthly mortgage.

This is an estimate based on a 30-year fixed-rate mortgage at 6.3% interest, 20% down payment, $120/mo homeowners insurance, and the average $10.90 property tax rate in the Boston area. Actual interest rates, property taxes, and homeowners insurance will vary. Does not include additional expenses or fees such as closing costs, PMI, or HOA fees. Buyers must complete their own due diligence based on current market conditions.

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