23 Joy St APT 1BostonMA02114
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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 23 Joy St APT 1, Boston, MA, 02114 priced at $985,000 pairs $4,415/mo rent with after a $4,821/mo payment. Total monthly income equals $4,415/mo. Return on cash invested is 13.42% in year one, and rental yield stands at 5.38% on a $985,000 basis. Equity gained on principal adds $6,356/yr, and 5% annual appreciation accumulates to $272,137 by year five. Five-year ROI measures 68.16% and total cumulative return in cash reaches $220,870. For financing, Ziffy Mortgage’s DSCR program evaluates $4,415/mo property income against a $4,821/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1840
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02114, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,898 (100%) |
| Owner Occupied HU | 1,846 (16.9%) |
| Renter Occupied HU | 7,855 (72.1%) |
| Vacant Housing Units | 1,197 (11.0%) |
| Median Home Value | $1,194,444 |
| Average Home Value | $1,273,178 |
Housing Distribution
Address Breakdown
Residential
10,381
Single Family
557
Multi-Family
9,824
Businesses
1,040
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Listed by: Joseph Govern • Street & Company
Mls Name: MLS PIN
Mls ID: #73436432