164 Ridge RdRevereMA02151
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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 164 Ridge Rd, Revere, MA, 02151 priced at $659,000 pairs $4,375/mo rent with $222/mo cash flow after a $3,225/mo payment. Total monthly income equals $4,375/mo, and annual cash flow comes to $2,663/yr on $216,811 invested. Return on cash invested is 21.29% in year one, and rental yield stands at 7.97% on a $659,000 basis. Equity gained on principal adds $4,252/yr, and 5% annual appreciation accumulates to $182,070 by year five. Five-year ROI measures 110.35% and total cumulative return in cash reaches $239,251. For financing, Ziffy Mortgage’s DSCR program evaluates $4,375/mo property income against a $3,225/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
5,227 sqft 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: Mark Lesses Group • Coldwell Banker Realty - Lexington
Mls Name: MLS PIN
Mls ID: #73438069