38 Carey Ave APT 6WatertownMA02472
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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 Watertown at 38 Carey Ave APT 6, Watertown, MA, 02472 priced at $385,000 converts $2,666/mo rent into $240/mo cash flow after a $1,884/mo obligation. Total monthly income equals $2,666/mo, and annual cash flow totals $2,877/yr on $127,628 invested. Return on cash invested prints 22.16% in year one, and rental yield reads 8.31% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 115.07% and total cumulative return in cash sums $146,866. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,666/mo property income covering a $1,884/mo payment, not borrower’s personal income.
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: DelRose McShane Team • Coldwell Banker Realty - Belmont
Mls Name: MLS PIN
Mls ID: #73459912