291 Revere St UNIT 3, Revere, MA, 02151 | $1,013/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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291 Revere St UNIT 3, Revere, MA, 02151 | $1,013/mo Cash Flow | 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 Revere at 291 Revere St UNIT 3, Revere, MA, 02151 uses $101,589 cash to close to unlock $12,161/yr annual cash flow and $1,013/mo monthly cash flow. Total monthly income runs $2,945/mo, and a $1,500/mo payment keeps the spread at $1,013/mo. Purchase price stands at $306,451, and rental yield measures 11.53% with $2,945/mo rent. Return on cash invested shows 31.88% in year one, and 5% annual appreciation builds toward $84,667 over five years. Five-year ROI reaches 167.2% and total cumulative return in cash records $169,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,945/mo property income covering a $1,500/mo payment rather than investor’s personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

This property is available to owner occupants only and is subject to an affordable housing covenant. Buyers must meet HUD income limits as following:1-household: $92,640,2- household: $105,920, 3- household: $119,120, 4- household: $132,320,5-household: $142,960. A wonderful chance to own your home in Malden affordable, welcoming, and community-centered living! Well-Maintained and Move-In Ready! 0This unit has been meticulously maintained and offers excellent move-in condition with an updated kitchen, bathroom, flooring, and paint. Features include laundry in unit for your convenience, central air, new appliances, extra storage in the basement and gas heat. Conveniently located on Revere Street, just minutes from public transportation, providing easy access to Greater Boston and the newly improved Revere Beach. Dont miss this opportunity for qualified buyers to own at an affordable price. First showing at the open house on Sunday, November 9th from 12 to 1:30pm.

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