20 Chester Rd #2BelmontMA02478
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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 Belmont at 20 Chester Rd #2, Belmont, MA, 02478 generates $5,154/mo in rent, after a $6,260/mo payment. Total monthly income is $5,154/mo. Return on cash invested sits at 11.95% in year one, and rental yield is 4.84% on a $1,279,000 entry. Equity gained on principal adds $8,253/yr, while 5% annual appreciation builds toward $353,364 over five years. Five-year ROI reaches 60.22% and total cumulative return in cash sums $249,538. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,154/mo property income rather than buyer’s personal income.
Condo
Built in 1917
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02478, Belmont, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,856 (100%) |
| Owner Occupied HU | 6,320 (58.2%) |
| Renter Occupied HU | 3,883 (35.8%) |
| Vacant Housing Units | 653 ( 6.0%) |
| Median Home Value | $1,215,863 |
| Average Home Value | $1,284,804 |
Housing Distribution
Address Breakdown
Residential
10,173
Single Family
9,309
Multi-Family
864
Businesses
844
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Listed by: Fayth Cregg • Leading Edge Real Estate
Mls Name: MLS PIN
Mls ID: #73466217