45 1st Ave #111CharlestownMA02129
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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 45 1st Ave #111, Charlestown, MA, 02129 generates $3,384/mo in rent and, after a $2,104/mo payment, leaves $675/mo in cash flow. Total monthly income is $3,384/mo, and annual cash flow is $8,095/yr on $142,512 invested. Return on cash invested sits at 25.59% in year one, and rental yield is 9.45% on a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 133.45% and total cumulative return in cash sums $190,183. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,384/mo property income rather than buyer’s personal income.
Condo
Built in 2015
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: Damian KokEnnen • SkyBridge Realty, LLC
Mls Name: MLS PIN
Mls ID: #73421382