1 Melrose St #5BostonMA02116
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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 Boston at 1 Melrose St #5, Boston, MA, 02116 priced at $535,000 converts $3,073/mo rent into after a $2,619/mo obligation. Total monthly income equals $3,073/mo. Return on cash invested prints 16.2% in year one, and rental yield reads 6.89% against a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation compiles into $147,811 by year five. Five-year ROI reaches 83.73% and total cumulative return in cash sums $147,376. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,073/mo property income covering a $2,619/mo payment, not borrower’s personal income.
Condo
Built in 1890
425 sqft lot
$N/A/sqft
$267 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02116, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,139 (100%) |
| Owner Occupied HU | 4,380 (33.3%) |
| Renter Occupied HU | 7,071 (53.8%) |
| Vacant Housing Units | 1,688 (12.8%) |
| Median Home Value | $1,591,640 |
| Average Home Value | $1,583,967 |
Housing Distribution
Address Breakdown
Residential
12,510
Single Family
1,122
Multi-Family
11,388
Businesses
2,158
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Listed by: Calla Gillies • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73330199
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