38 Shipway Pl #38CharlestownMA02129
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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 Charlestown at 38 Shipway Pl #38, Charlestown, MA, 02129 offers a 5.73% rental yield on a $1,475,000 purchase with $7,044/mo rent. 71% in year one. Equity gained on principal adds $9,518/yr while 5% annual appreciation supports $407,515 over five years. Portfolio math shows five-year ROI at 75.04% and total cumulative return in cash at $358,618. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,044/mo property income against a $7,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02129, Charlestown, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,420 (100%) |
| Owner Occupied HU | 4,101 (43.5%) |
| Renter Occupied HU | 4,655 (49.4%) |
| Vacant Housing Units | 664 ( 7.0%) |
| Median Home Value | $978,367 |
| Average Home Value | $1,127,259 |
Housing Distribution
Address Breakdown
Residential
8,644
Single Family
3,214
Multi-Family
5,430
Businesses
687
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Listed by: Nancy Hurley • ERA Key Realty Services- Fram
Mls Name: MLS PIN
Mls ID: #73466718