245 Kelton St APT 21AllstonMA02134
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 245 Kelton St APT 21, Allston, MA, 02134 in Allston at $499,999 earns $3,350/mo in rent and nets $199/mo after the $2,248/mo payment, a 8.04% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $138,141 over five years. Ziffy Mortgage underwrites this on a 1.49 DSCR without U.S. credit history. With $4,605/yr in principal paydown, total projected return reaches $202,635.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.5% |
| Monthly Cash Flow | $199 | $1,200 |
City averages based on Allston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,350 |
| Total Monthly Debt Service | $2,952 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1965
690 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02134, Allston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,236 (100%) |
| Owner Occupied HU | 1,238 (11.0%) |
| Renter Occupied HU | 9,202 (81.9%) |
| Vacant Housing Units | 796 ( 7.1%) |
| Median Home Value | $686,040 |
| Average Home Value | $763,341 |
Housing Distribution
Address Breakdown
Residential
10,368
Single Family
2,497
Multi-Family
7,871
Businesses
687
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1965
690 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02134, Allston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,236 (100%) |
| Owner Occupied HU | 1,238 (11.0%) |
| Renter Occupied HU | 9,202 (81.9%) |
| Vacant Housing Units | 796 ( 7.1%) |
| Median Home Value | $686,040 |
| Average Home Value | $763,341 |
Housing Distribution
Address Breakdown
Residential
10,368
Single Family
2,497
Multi-Family
7,871
Businesses
687
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Dylan Costello Team • Coldwell Banker Realty - Boston
Mls Name: MLS PIN
Mls ID: #73426403