406 Ferry StEverettMA02149
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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 406 Ferry St, Everett, MA, 02149 offers a 8.07% rental yield on a $685,000 purchase with $4,609/mo rent. Total monthly income registers $4,609/mo, and a $3,353/mo payment leaves $291/mo available for distribution. Annual cash flow reaches $3,495/yr on $225,365 to close, and return on cash invested stands at 21.61% in year one. Equity gained on principal adds $4,420/yr while 5% annual appreciation supports $189,253 over five years. Portfolio math shows five-year ROI at 112.09% and total cumulative return in cash at $252,622. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,609/mo property income against a $3,353/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,378 sqft 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: Nicholas Cuevas • Compass
Mls Name: MLS PIN
Mls ID: #73417218