17 Melrose St #3BostonMA02116
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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 Boston at 17 Melrose St #3, Boston, MA, 02116 priced at $1,007,400 converts $5,915/mo rent into after a $4,931/mo obligation. Total monthly income equals $5,915/mo. Return on cash invested prints 18.27% in year one, and rental yield reads 7.05% against a $1,007,400 entry. Equity gained on principal adds $6,501/yr, while 5% annual appreciation compiles into $278,326 by year five. Five-year ROI reaches 94.27% and total cumulative return in cash sums $307,691. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,915/mo property income covering a $4,931/mo payment, not borrower’s personal income.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02116, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,139 (100%) |
| Owner Occupied HU | 4,380 (33.3%) |
| Renter Occupied HU | 7,071 (53.8%) |
| Vacant Housing Units | 1,688 (12.8%) |
| Median Home Value | $1,591,640 |
| Average Home Value | $1,583,967 |
Housing Distribution
Address Breakdown
Residential
12,510
Single Family
1,122
Multi-Family
11,388
Businesses
2,158
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A