5 Spofford Rd APT 17AllstonMA02134
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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 Allston at 5 Spofford Rd APT 17, Allston, MA, 02134 priced at $229,000 converts $2,185/mo rent into $741/mo cash flow after a $1,121/mo obligation. Total monthly income equals $2,185/mo, and annual cash flow totals $8,898/yr on $75,914 invested. Return on cash invested prints 31.63% in year one, and rental yield reads 11.45% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 165.87% and total cumulative return in cash sums $125,921. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,185/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Condo
Built in 1900
246 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02134, Allston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,236 (100%) |
| Owner Occupied HU | 1,238 (11.0%) |
| Renter Occupied HU | 9,202 (81.9%) |
| Vacant Housing Units | 796 ( 7.1%) |
| Median Home Value | $686,040 |
| Average Home Value | $763,341 |
Housing Distribution
Address Breakdown
Residential
10,368
Single Family
2,497
Multi-Family
7,871
Businesses
687
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Listed by: John F. McMahon • Phoenix Realty Group
Mls Name: MLS PIN
Mls ID: #73453173