29 McCoba St APT 4RevereMA02151
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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
Investment property for sale in Revere at 29 McCoba St APT 4, Revere, MA, 02151 uses $109,064 cash to close to unlock $5,444/yr annual cash flow and $454/mo monthly cash flow. Total monthly income runs $2,527/mo, and a $1,610/mo payment keeps the spread at $454/mo. Purchase price stands at $329,000, and rental yield measures 9.22% with $2,527/mo rent. Return on cash invested shows 24.9% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 129.76% and total cumulative return in cash records $141,525. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,527/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02151, Revere, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,738 (100%) |
| Owner Occupied HU | 10,397 (40.4%) |
| Renter Occupied HU | 13,021 (50.6%) |
| Vacant Housing Units | 2,320 ( 9.0%) |
| Median Home Value | $621,936 |
| Average Home Value | $649,543 |
Housing Distribution
Address Breakdown
Residential
22,364
Single Family
14,226
Multi-Family
8,138
Businesses
1,047
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Listed by: Bob Sun • StartPoint Realty
Mls Name: MLS PIN
Mls ID: #73414088