29 Eden St #3CharlestownMA02129
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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 Charlestown at 29 Eden St #3, Charlestown, MA, 02129 priced at $529,000 converts $3,522/mo rent into $188/mo cash flow after a $2,589/mo obligation. Total monthly income equals $3,522/mo, and annual cash flow totals $2,256/yr on $174,041 invested. Return on cash invested prints 21.36% in year one, and rental yield reads 7.99% against a $529,000 entry. Equity gained on principal adds $3,414/yr, while 5% annual appreciation compiles into $146,153 by year five. Five-year ROI reaches 110.71% and total cumulative return in cash sums $192,689. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,522/mo property income covering a $2,589/mo payment, not borrower’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02129, Charlestown, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,420 (100%) |
| Owner Occupied HU | 4,101 (43.5%) |
| Renter Occupied HU | 4,655 (49.4%) |
| Vacant Housing Units | 664 ( 7.0%) |
| Median Home Value | $978,367 |
| Average Home Value | $1,127,259 |
Housing Distribution
Address Breakdown
Residential
8,644
Single Family
3,214
Multi-Family
5,430
Businesses
687
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Listed by: Doug Hills • Compass
Mls Name: MLS PIN
Mls ID: #73443839