14 Mill St #1RevereMA02151
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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 Revere at 14 Mill St #1, Revere, MA, 02151 priced at $469,100 converts $4,525/mo rent into $1,568/mo cash flow after a $2,296/mo obligation. Total monthly income equals $4,525/mo, and annual cash flow totals $18,820/yr on $155,507 invested. Return on cash invested prints 32.01% in year one, and rental yield reads 11.58% against a $469,100 entry. Equity gained on principal adds $3,027/yr, while 5% annual appreciation compiles into $129,604 by year five. Five-year ROI reaches 167.9% and total cumulative return in cash sums $261,098. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,525/mo property income covering a $2,296/mo payment, not borrower’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02151, Revere, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,738 (100%) |
| Owner Occupied HU | 10,397 (40.4%) |
| Renter Occupied HU | 13,021 (50.6%) |
| Vacant Housing Units | 2,320 ( 9.0%) |
| Median Home Value | $621,936 |
| Average Home Value | $649,543 |
Housing Distribution
Address Breakdown
Residential
22,364
Single Family
14,226
Multi-Family
8,138
Businesses
1,047
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Listed by: N/A • N/A
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Mls ID: #N/A