580 Washington St #1406BostonMA02111
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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 Boston at 580 Washington St #1406, Boston, MA, 02111 generates $5,018/mo in rent, after a $6,608/mo payment. Total monthly income is $5,018/mo. Return on cash invested sits at 10.79% in year one, and rental yield is 4.46% on a $1,350,000 entry. Equity gained on principal adds $8,711/yr, while 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 54% and total cumulative return in cash sums $236,213. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,018/mo property income rather than buyer’s personal income.
Condo
Built in 2013
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02111, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,709 (100%) |
| Owner Occupied HU | 1,035 (22.0%) |
| Renter Occupied HU | 2,958 (62.8%) |
| Vacant Housing Units | 716 (15.2%) |
| Median Home Value | $1,128,543 |
| Average Home Value | $1,267,136 |
Housing Distribution
Address Breakdown
Residential
4,889
Single Family
282
Multi-Family
4,607
Businesses
1,048
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Listed by: Betsy Herald • The Charles Realty
Mls Name: MLS PIN
Mls ID: #73387719