24 Cambridge Ter #2CambridgeMA02140
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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 Cambridge at 24 Cambridge Ter #2, Cambridge, MA, 02140 priced at $895,000 converts $3,875/mo rent into after a $4,381/mo obligation. Total monthly income equals $3,875/mo. Return on cash invested prints 12.86% in year one, and rental yield reads 5.2% against a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation compiles into $247,272 by year five. Five-year ROI reaches 65.17% and total cumulative return in cash sums $191,894. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,875/mo property income covering a $4,381/mo payment, not borrower’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02140, Cambridge, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,600 (100%) |
| Owner Occupied HU | 3,322 (28.6%) |
| Renter Occupied HU | 7,361 (63.5%) |
| Vacant Housing Units | 917 ( 7.9%) |
| Median Home Value | $1,294,693 |
| Average Home Value | $1,360,329 |
Housing Distribution
Address Breakdown
Residential
10,313
Single Family
4,218
Multi-Family
6,095
Businesses
736
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Listed by: Andrea Bonaccorso • Coldwell Banker Realty - Cambridge
Mls Name: MLS PIN
Mls ID: #73456341