379 Meridian St #101East BostonMA02128
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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 East Boston at 379 Meridian St #101, East Boston, MA, 02128 listed at $359,900 pairs $3,188/mo rent with a $1,762/mo payment to leave $919/mo cash flow. Total monthly income runs $3,188/mo, and annual cash flow reaches $11,030/yr on $119,307 cash to close. Return on cash invested measures 29.15% in year one, and rental yield registers 10.63% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 152.6% and total cumulative return in cash totals $182,066. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,188/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1920
741 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02128, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,400 (100%) |
| Owner Occupied HU | 4,756 (24.5%) |
| Renter Occupied HU | 12,784 (65.9%) |
| Vacant Housing Units | 1,860 ( 9.6%) |
| Median Home Value | $766,192 |
| Average Home Value | $826,123 |
Housing Distribution
Address Breakdown
Residential
17,476
Single Family
8,803
Multi-Family
8,673
Businesses
1,148
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Listed by: Kevin Li • MP Signature Realty LLC
Mls Name: MLS PIN
Mls ID: #73455299