197 8th St APT 807CharlestownMA02129
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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 Charlestown at 197 8th St APT 807, Charlestown, MA, 02129 generates $6,126/mo in rent, after a $8,159/mo payment. Total monthly income is $6,126/mo. Return on cash invested sits at 10.64% in year one, and rental yield is 4.41% on a $1,667,000 entry. Equity gained on principal adds $10,757/yr, while 5% annual appreciation builds toward $460,561 over five years. Five-year ROI reaches 53.18% and total cumulative return in cash sums $287,210. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,126/mo property income rather than buyer’s personal income.
Condo
Built in 1935
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02129, Charlestown, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,420 (100%) |
| Owner Occupied HU | 4,101 (43.5%) |
| Renter Occupied HU | 4,655 (49.4%) |
| Vacant Housing Units | 664 ( 7.0%) |
| Median Home Value | $978,367 |
| Average Home Value | $1,127,259 |
Housing Distribution
Address Breakdown
Residential
8,644
Single Family
3,214
Multi-Family
5,430
Businesses
687
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Listed by: Sherry A. Grancey • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73470621