27 E Springfield St #3BostonMA02118
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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 27 E Springfield St #3, Boston, MA, 02118 generates $5,598/mo in rent, after a $6,064/mo payment. Total monthly income is $5,598/mo. Return on cash invested sits at 13.76% in year one, and rental yield is 5.42% on a $1,239,000 entry. Equity gained on principal adds $7,995/yr, while 5% annual appreciation builds toward $342,313 over five years. Five-year ROI reaches 69.94% and total cumulative return in cash sums $280,756. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,598/mo property income rather than buyer’s personal income.
Condo
Built in 1890
1,284 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02118, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,315 (100%) |
| Owner Occupied HU | 4,206 (25.8%) |
| Renter Occupied HU | 10,816 (66.3%) |
| Vacant Housing Units | 1,293 ( 7.9%) |
| Median Home Value | $1,248,113 |
| Average Home Value | $1,364,634 |
Housing Distribution
Address Breakdown
Residential
14,717
Single Family
1,682
Multi-Family
13,035
Businesses
1,262
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Listed by: William Olsen • Global Property Services
Mls Name: MLS PIN
Mls ID: #73433019