15 River St APT 704BostonMA02108
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 15 River St APT 704, Boston, MA, 02108 in Boston is capital appreciation. Rental yield 4.91%. The 4.91% gross yield at $1,199,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $331,262 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.91) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $284,940.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.9% | 4.2% |
| Monthly Cash Flow | $(4,547) | $1,850 |
City averages based on Boston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,910 |
| Total Monthly Debt Service | $7,080 |
| DSCR Ratio | 0.69x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1900
841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02108, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,321 (100%) |
| Owner Occupied HU | 799 (34.4%) |
| Renter Occupied HU | 1,079 (46.5%) |
| Vacant Housing Units | 443 (19.1%) |
| Median Home Value | $1,699,324 |
| Average Home Value | $1,630,510 |
Housing Distribution
Address Breakdown
Residential
2,190
Single Family
424
Multi-Family
1,766
Businesses
1,159
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1900
841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02108, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,321 (100%) |
| Owner Occupied HU | 799 (34.4%) |
| Renter Occupied HU | 1,079 (46.5%) |
| Vacant Housing Units | 443 (19.1%) |
| Median Home Value | $1,699,324 |
| Average Home Value | $1,630,510 |
Housing Distribution
Address Breakdown
Residential
2,190
Single Family
424
Multi-Family
1,766
Businesses
1,159
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLS PIN
Mls ID: #73484089