1 Watermill Pl UNIT 308, Arlington, MA, 02476 | 6.65% Rental Yield

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1 Watermill Pl UNIT 308, Arlington, MA, 02476 | 6.65% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,825/mo, and a $2,496/mo payment. Purchase price stands at $510,000, and rental yield measures 6.65% with $2,825/mo rent. Return on cash invested shows 17.28% in year one, and 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 88.84% and total cumulative return in cash records $149,067. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,825/mo property income covering a $2,496/mo payment rather than investor’s personal income.

Condo

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

Located in the sought-after Arlington Heights neighborhood, this beautifully updated condominium is part of the highly desirable Watermill Place community. Freshly painted and featuring brand new hardwood floors, the home offers a bright, open-concept living and dining area accented by a charming bay window that fills the space with natural light. The spacious bedroom includes an en-suite bath and generous closet space, while a convenient half bath off the hallway adds additional comfort for guests. Additional highlights include in-unit laundry, nearby same-floor storage, and deeded garage parking for added ease. Residents of Watermill Place enjoy a welcoming, well-maintained community with easy access to the Minuteman Bike Path, public transportation, and the many shops, restaurants, and cafs along Massachusetts Avenue. Offering a wonderful combination of comfort, location, and convenience, this lovely home is ideal for anyone looking to enjoy all that Arlington Heights has to offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02476, Arlington, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,542 (100%)
Owner Occupied HU	5,089 (67.5%)
Renter Occupied HU	2,176 (28.9%)
Vacant Housing Units	277 ( 3.7%)
Median Home Value	$937,898
Average Home Value	$1,028,271