29 Concord Ave APT 302, Cambridge, MA, 02138 | 6.93% Rental Yield

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29 Concord Ave APT 302, Cambridge, MA, 02138 | 6.93% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cambridge at 29 Concord Ave APT 302, Cambridge, MA, 02138 listed at $575,000 pairs $3,322/mo rent with a $2,814/mo payment. Total monthly income runs $3,322/mo. Return on cash invested measures 18.15% in year one, and rental yield registers 6.93% at a $575,000 basis. Equity gained on principal adds $3,710/yr, and annual property appreciation at 5% supports $158,862 by year five. Five-year ROI tracks 93.52% and total cumulative return in cash totals $176,915. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,322/mo property income relative to a $2,814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Nestled in a coveted location within Harvard Square, this fully furnished unit offers both comfort and convenience. Featuring a spacious bedroom with two large closets and en-suite bathroom, its ideal for those seeking a modern, turnkey living space. The well-equipped kitchen flows into a cozy dining area, while the expansive living room is bathed in natural light from a wall of glass, creating a bright and airy atmosphere. Step outside to your private balcony, perfect for enjoying the morning sun with a cup of coffee. This sleek modernist building, designed by the esteemed architect Hugh Stubbins and completed in 1965, stands tall with eight stories of architectural elegance. The dramatic atrium lobby, complete with an elevator, welcomes you upon entry. Amenities include professional management, common laundry, assigned storage, and bike storage. Just steps from the train, local shops, and an array of dining options, this home offers the ultimate in style and convenience

Neighborhood Data

Neighborhood data shown for ZIP Code: 02138, Cambridge, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,378 (100%)
Owner Occupied HU	5,322 (32.5%)
Renter Occupied HU	9,285 (56.7%)
Vacant Housing Units	1,771 (10.8%)
Median Home Value	$1,451,585
Average Home Value	$1,501,907