29 Concord Ave APT 704, Cambridge, MA, 02138 | 6.57% Rental Yield

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29 Concord Ave APT 704, Cambridge, MA, 02138 | 6.57% Rental Yield | Ziffy

For Sale

Rental Income

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 704, Cambridge, MA, 02138 offers a 6.57% rental yield on a $575,000 purchase with $3,148/mo rent. 04% in year one. Equity gained on principal adds $3,710/yr while 5% annual appreciation supports $158,862 over five years. Portfolio math shows five-year ROI at 87.59% and total cumulative return in cash at $165,707. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,148/mo property income against a $2,814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home! This crisp and efficient condo, in an architecturally renowned Stubbins-designed high-rise, offers a sun-filled retreat on the 7th floor with a balcony. It boasts an open living concept with a bright living room flowing right into the spacious kitchen with granite countertops, stainless steel appliances and freshly painted cabinets. Additional amenities include an elevator, professional management with an on-site super, a laundry room, assigned lockable storage unit, and bike storage. Explore this vibrant neighborhood filled with shops, restaurants, and cultural attractions at your doorstep; just minutes to Harvard University, Cambridge Common, and the Longy School of Music. Public transportation is a breeze, with the 74, 75, and 78 bus lines nearby and mile to the Harvard Square red line MBTA. If you're considering this condo as an investment, it's rental-friendly and offers great cash flow. Or move in and experience the best of Cambridge living!

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