580 Washington St #702BostonMA02111
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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
Total monthly income runs $4,875/mo, and a $7,954/mo payment. Purchase price stands at $1,625,000, and rental yield measures 3.6% with $4,875/mo rent. Return on cash invested shows 2.71% in year one, and 5% annual appreciation builds toward $448,958 over five years. Five-year ROI reaches 12.64% and total cumulative return in cash records $66,568. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,875/mo property income covering a $7,954/mo payment rather than investor’s personal income.
Condo
Built in 2013
N/A lot
$N/A/sqft
$2,124 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
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Listed by: Beth Dickerson • Gibson Sothebys Boston Back Bay
Mls Name: LINK
Mls ID: #232914
Disclaimer: All information provided is deemed reliable but is not guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.