62-64 Billings AveMedfordMA02155
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
Investment Highlights
Rental property for sale in Medford at 62-64 Billings Ave, Medford, MA, 02155 generates $7,710/mo in rent and, after a $5,531/mo payment, leaves $588/mo in cash flow. Total monthly income is $7,710/mo, and annual cash flow is $7,051/yr on $366,120 invested. Return on cash invested sits at 22.3% in year one, and rental yield is 8.19% on a $1,130,000 entry. Equity gained on principal adds $7,292/yr, while 5% annual appreciation builds toward $312,198 over five years. Five-year ROI reaches 115.69% and total cumulative return in cash sums $423,582. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,710/mo property income rather than buyer’s personal income.
Multi Family
Built in 1928
5,978 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Afonso Realty Group • RE/MAX Andrew Realty Services
Mls Name: MLS PIN
Mls ID: #73404648
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.