11 Phillips St APT 2BostonMA02114
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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 11 Phillips St APT 2, Boston, MA, 02114 offers $3,212/mo rent that, after a $2,932/mo payment. Total monthly income is $3,212/mo. Return on cash invested measures 16.63% in year one, and rental yield stands at 6.43% at a $599,000 entry. Equity gained on principal adds $3,865/yr while 5% annual appreciation compounds into $165,493 by year five. Five-year ROI records 85.38% and total cumulative return in cash reaches $168,250. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,212/mo property income versus a $2,932/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1899
420 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02114, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,898 (100%) |
| Owner Occupied HU | 1,846 (16.9%) |
| Renter Occupied HU | 7,855 (72.1%) |
| Vacant Housing Units | 1,197 (11.0%) |
| Median Home Value | $1,194,444 |
| Average Home Value | $1,273,178 |
Housing Distribution
Address Breakdown
Residential
10,381
Single Family
557
Multi-Family
9,824
Businesses
1,040
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Listed by: Wendy Oleksiak • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73417629