580 Washington St #408BostonMA02111
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 580 Washington St #408, Boston, MA, 02111 in Boston offers a clean, manageable entry. Rental yield 7%. DSCR 1.30 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $479,349 in additional property value over five years, with $15,980/yr in principal equity building ownership stake. Total projected cumulative return: $439,589.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 4.2% |
| Monthly Cash Flow | $(3,593) | $1,850 |
City averages based on Boston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $10,124 |
| Total Monthly Debt Service | $13,027 |
| DSCR Ratio | 0.78x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2013
1,743 sqft lot
$N/A/sqft
$2,538 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2013
1,743 sqft lot
$N/A/sqft
$2,538 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca Davis Tulman and Leslie Singleton Adam • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73392048
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.