24 Corey St APT 101EverettMA02149
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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
Investment property for sale in Everett at 24 Corey St APT 101, Everett, MA, 02149 uses $149,142 cash to close to unlock $4,985/yr annual cash flow and $415/mo monthly cash flow. Total monthly income runs $3,251/mo, and a $2,202/mo payment keeps the spread at $415/mo. Purchase price stands at $449,900, and rental yield measures 8.67% with $3,251/mo rent. Return on cash invested shows 23.25% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 120.93% and total cumulative return in cash records $180,358. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,251/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02149, Everett, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,232 (100%) |
| Owner Occupied HU | 6,390 (33.2%) |
| Renter Occupied HU | 11,533 (60.0%) |
| Vacant Housing Units | 1,309 ( 6.8%) |
| Median Home Value | $663,330 |
| Average Home Value | $770,097 |
Housing Distribution
Address Breakdown
Residential
16,494
Single Family
12,457
Multi-Family
4,037
Businesses
1,229
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Listed by: Ola Oladoja • Citipoint Realty Services, LLC
Mls Name: MLS PIN
Mls ID: #73463081