240 Devonshire St #4211BostonMA02110
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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
Total monthly income runs $4,096/mo, and a $8,027/mo payment. Purchase price stands at $1,640,000, and rental yield measures 3% with $4,096/mo rent. Return on cash invested shows 6.28% in year one, and 5% annual appreciation builds toward $453,102 over five years. Five-year ROI reaches 29.79% and total cumulative return in cash records $158,302. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,096/mo property income covering a $8,027/mo payment rather than investor’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02110, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,970 (100%) |
| Owner Occupied HU | 1,007 (51.1%) |
| Renter Occupied HU | 693 (35.2%) |
| Vacant Housing Units | 270 (13.7%) |
| Median Home Value | $1,298,421 |
| Average Home Value | $1,371,708 |
Housing Distribution
Address Breakdown
Residential
2,032
Single Family
14
Multi-Family
2,018
Businesses
1,956
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Listed by: MP Boston Marketing Team • MP Boston Marketing LLC
Mls Name: MLS PIN
Mls ID: #73460822