135 Granite Ave APT 3DorchesterMA02124
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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 Dorchester at 135 Granite Ave APT 3, Dorchester, MA, 02124 priced at $359,999 converts $2,676/mo rent into $17/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,676/mo, and annual cash flow totals $204/yr on $119,340 invested. Return on cash invested prints 20.08% in year one, and rental yield reads 8.92% against a $359,999 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 105.33% and total cumulative return in cash sums $125,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,676/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Condo
Built in 1967
655 sqft lot
$N/A/sqft
$390 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02124, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,749 (100%) |
| Owner Occupied HU | 7,175 (36.3%) |
| Renter Occupied HU | 11,210 (56.8%) |
| Vacant Housing Units | 1,364 ( 6.9%) |
| Median Home Value | $689,463 |
| Average Home Value | $727,752 |
Housing Distribution
Address Breakdown
Residential
17,762
Single Family
9,263
Multi-Family
8,499
Businesses
895
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Listed by: Dot Collection • Access
Mls Name: MLS PIN
Mls ID: #73296943
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