16 Concord Ave #1MiltonMA02186
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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
Investment property for sale in Milton at 16 Concord Ave #1, Milton, MA, 02186 uses $157,463 cash to close to unlock $4,452/yr annual cash flow and $371/mo monthly cash flow. Total monthly income runs $3,365/mo, and a $2,325/mo payment keeps the spread at $371/mo. Purchase price stands at $475,000, and rental yield measures 8.5% with $3,365/mo rent. Return on cash invested shows 22.74% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 118.18% and total cumulative return in cash records $186,091. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,365/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Condo
Built in 1918
1,822 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02186, Milton, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,884 (100%) |
| Owner Occupied HU | 7,881 (79.7%) |
| Renter Occupied HU | 1,685 (17.0%) |
| Vacant Housing Units | 318 ( 3.2%) |
| Median Home Value | $949,469 |
| Average Home Value | $1,103,733 |
Housing Distribution
Address Breakdown
Residential
9,670
Single Family
8,817
Multi-Family
853
Businesses
445
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Listed by: Carla Daley • eXp Realty
Mls Name: MLS PIN
Mls ID: #73452022