116 Riverway APT 18BostonMA02215
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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
Total monthly income runs $3,188/mo, and a $2,814/mo payment. Purchase price stands at $575,000, and rental yield measures 6.65% with $3,188/mo rent. Return on cash invested shows 17.3% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 88.96% and total cumulative return in cash records $168,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,188/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Condo
Built in 1915
613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02215, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,467 (100%) |
| Owner Occupied HU | 684 ( 7.2%) |
| Renter Occupied HU | 7,822 (82.6%) |
| Vacant Housing Units | 961 (10.2%) |
| Median Home Value | $702,524 |
| Average Home Value | $937,354 |
Housing Distribution
Address Breakdown
Residential
10,806
Single Family
305
Multi-Family
10,501
Businesses
838
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Listed by: Seth Mitchell • The Mitchell Group
Mls Name: MLS PIN
Mls ID: #73470377