587 Saratoga StEast BostonMA02128
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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 East Boston at 587 Saratoga St, East Boston, MA, 02128 priced at $1,100,000 converts $2,129/mo rent into after a $5,384/mo obligation. Total monthly income equals $2,129/mo. Return on cash invested prints 4.19% in year one, and rental yield reads 2.32% against a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation compiles into $303,910 by year five. Five-year ROI reaches 18.62% and total cumulative return in cash sums $66,379. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,129/mo property income covering a $5,384/mo payment, not borrower’s personal income.
Multi Family
Built in 2014
2,313 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02128, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,400 (100%) |
| Owner Occupied HU | 4,756 (24.5%) |
| Renter Occupied HU | 12,784 (65.9%) |
| Vacant Housing Units | 1,860 ( 9.6%) |
| Median Home Value | $766,192 |
| Average Home Value | $826,123 |
Housing Distribution
Address Breakdown
Residential
17,476
Single Family
8,803
Multi-Family
8,673
Businesses
1,148
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Listed by: Atiyeh Cassidy • Blue Sky Realty
Mls Name: MLS PIN
Mls ID: #73412893