38 Carter St APT 303EverettMA02149
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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 Everett at 38 Carter St APT 303, Everett, MA, 02149 uses $150,799 cash to close to unlock $5,488/yr annual cash flow and $457/mo monthly cash flow. Total monthly income runs $3,325/mo, and a $2,227/mo payment keeps the spread at $457/mo. Purchase price stands at $454,900, and rental yield measures 8.77% with $3,325/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $125,680 over five years. Five-year ROI reaches 122.52% and total cumulative return in cash records $184,760. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,325/mo property income covering a $2,227/mo payment rather than investor’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02149, Everett, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,232 (100%) |
| Owner Occupied HU | 6,390 (33.2%) |
| Renter Occupied HU | 11,533 (60.0%) |
| Vacant Housing Units | 1,309 ( 6.8%) |
| Median Home Value | $663,330 |
| Average Home Value | $770,097 |
Housing Distribution
Address Breakdown
Residential
16,494
Single Family
12,457
Multi-Family
4,037
Businesses
1,229
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Listed by: Lilian Regia Davis • Dell Realty Inc.
Mls Name: MLS PIN
Mls ID: #73418969