165 Cottage St APT 701ChelseaMA02150
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 165 Cottage St APT 701, Chelsea, MA, 02150 in Chelsea is the 1.73 coverage ratio: rent of $3,498/mo versus a $2,019/mo debt payment on a $449,000 property. Rental yield 9.35%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $124,050 by year five, with $4,135/yr in equity from paydown. Total projected cumulative return: $213,464.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.2% |
| Monthly Cash Flow | $(61) | $450 |
City averages based on Chelsea market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,498 |
| Total Monthly Debt Service | $2,651 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02150, Chelsea, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,150 (100%) |
| Owner Occupied HU | 3,756 (24.8%) |
| Renter Occupied HU | 10,484 (69.2%) |
| Vacant Housing Units | 910 ( 6.0%) |
| Median Home Value | $529,074 |
| Average Home Value | $565,250 |
Housing Distribution
Address Breakdown
Residential
13,216
Single Family
5,215
Multi-Family
8,001
Businesses
986
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 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02150, Chelsea, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,150 (100%) |
| Owner Occupied HU | 3,756 (24.8%) |
| Renter Occupied HU | 10,484 (69.2%) |
| Vacant Housing Units | 910 ( 6.0%) |
| Median Home Value | $529,074 |
| Average Home Value | $565,250 |
Housing Distribution
Address Breakdown
Residential
13,216
Single Family
5,215
Multi-Family
8,001
Businesses
986
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLS PIN
Mls ID: #73561415