38 Carey Ave APT 3WatertownMA02472
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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 Watertown at 38 Carey Ave APT 3, Watertown, MA, 02472 offers a 7.94% rental yield on a $385,000 purchase with $2,549/mo rent. Total monthly income registers $2,549/mo, and a $1,884/mo payment leaves $123/mo available for distribution. Annual cash flow reaches $1,473/yr on $127,628 to close, and return on cash invested stands at 21.06% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 109.18% and total cumulative return in cash at $139,342. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,549/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1957
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02472, Watertown, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,617 (100%) |
| Owner Occupied HU | 7,572 (43.0%) |
| Renter Occupied HU | 9,093 (51.6%) |
| Vacant Housing Units | 952 ( 5.4%) |
| Median Home Value | $870,411 |
| Average Home Value | $952,094 |
Housing Distribution
Address Breakdown
Residential
16,998
Single Family
12,161
Multi-Family
4,837
Businesses
1,213
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Listed by: Bruce Wilson • Preview Properties
Mls Name: MLS PIN
Mls ID: #73425914