42 8th St APT 1315CharlestownMA02129
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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 42 8th St APT 1315, Charlestown, MA, 02129 listed at $789,000 pairs $5,089/mo rent with a $3,862/mo payment to leave $116/mo cash flow. Total monthly income runs $5,089/mo, and annual cash flow reaches $1,390/yr on $259,581 cash to close. Return on cash invested measures 20.6% in year one, and rental yield registers 7.74% at a $789,000 basis. Equity gained on principal adds $5,091/yr, and annual property appreciation at 5% supports $217,986 by year five. Five-year ROI tracks 106.63% and total cumulative return in cash totals $276,802. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,089/mo property income relative to a $3,862/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1899
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: Marie Richards • Coldwell Banker Realty - Boston
Mls Name: MLS PIN
Mls ID: #73466551