15 Ferry St APT 17, Everett, MA, 02149 | $189/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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15 Ferry St APT 17, Everett, MA, 02149 | $189/mo Cash Flow | Ziffy

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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

Rental property for sale in Everett at 15 Ferry St APT 17, Everett, MA, 02149 offers $2,465/mo rent that, after a $1,561/mo payment, leaves $189/mo cash flow. Total monthly income is $2,465/mo, and annual cash flow is $2,267/yr on $105,699 cash. Return on cash invested measures 22.05% in year one, and rental yield stands at 9.28% at a $318,850 entry. Equity gained on principal adds $2,057/yr while 5% annual appreciation compounds into $88,092 by year five. Five-year ROI records 115.59% and total cumulative return in cash reaches $122,174. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,465/mo property income versus a $1,561/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1986

N/A lot

$N/A/sqft

$266 monthly HOA

More details about the property

Discover Urban Elegance in this Exquisite Condo Nestled in a prime central location, this top-floor gem offers a serene retreat amidst the city's vibrancy. Recently renovated, this condo boasts a modern aesthetic and a "like-new" feel. Interior Highlights: Living Room: Warm hardwood floors, stylish new light fixtures, and sleek switches create an inviting atmosphere. Modern Kitchen: Sleek oak cabinetry Luxurious quartz countertops Cutting-edge Samsung appliances, including an induction cooktop, convection wall oven, and a 18" dishwasher. Elegant Bespoke refrigerator Bedroom: Spacious enough to accommodate any bed size, featuring floor-to-ceiling window that bathe the room in natural light. Spa-Like Bathroom: Indulge in a luxurious walk-in rain shower with a sophisticated porcelain tile surround. Amenities & Convenience: One covered parking space Private storage unit in the basement Extremely reasonable HOA fees ($266/month) covering water/sewer, trash, natural gas and exterior maintenance. Experience the pinnacle of urban living in this exceptional condo. Open house is scheduled for Sunday 1/19/25 from 1 to 5;30 pm. Call or text 503.881.4242 for more information.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02149, Everett, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,232 (100%)
Owner Occupied HU	6,390 (33.2%)
Renter Occupied HU	11,533 (60.0%)
Vacant Housing Units	1,309 ( 6.8%)
Median Home Value	$663,330
Average Home Value	$770,097