505 Washington Ave APT 46ChelseaMA02150
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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 Chelsea at 505 Washington Ave APT 46, Chelsea, MA, 02150 earns $894/mo cash flow from $3,409/mo rent with a $1,953/mo payment. Total monthly income totals $3,409/mo, and annual cash flow totals $10,729/yr on $132,269 capital. ROI tracks 28.02% on current figures, and rental yield reads 10.25% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 146.52% and total cumulative return in cash sums $193,802. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,409/mo property income instead of your personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02150, Chelsea, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,150 (100%) |
| Owner Occupied HU | 3,756 (24.8%) |
| Renter Occupied HU | 10,484 (69.2%) |
| Vacant Housing Units | 910 ( 6.0%) |
| Median Home Value | $529,074 |
| Average Home Value | $565,250 |
Housing Distribution
Address Breakdown
Residential
13,216
Single Family
5,215
Multi-Family
8,001
Businesses
986
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Listed by: Maja Bozic • United Brokers
Mls Name: MLS PIN
Mls ID: #73470833