40 Chappie St #1CharlestownMA02129
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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 Charlestown at 40 Chappie St #1, Charlestown, MA, 02129 priced at $549,500 converts $3,810/mo rent into $346/mo cash flow after a $2,690/mo obligation. Total monthly income equals $3,810/mo, and annual cash flow totals $4,153/yr on $180,786 invested. Return on cash invested prints 22.36% in year one, and rental yield reads 8.32% against a $549,500 entry. Equity gained on principal adds $3,546/yr, while 5% annual appreciation compiles into $151,817 by year five. Five-year ROI reaches 116.1% and total cumulative return in cash sums $209,901. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,810/mo property income covering a $2,690/mo payment, not borrower’s personal income.
Condo
Built in 1900
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: Alexander Bakos • Abbott Properties, LLC
Mls Name: MLS PIN
Mls ID: #73451605