63 Melcher St APT 307BostonMA02210
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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
Investment property for sale in Boston at 63 Melcher St APT 307, Boston, MA, 02210 earns from $3,984/mo rent with a $3,128/mo payment. Total monthly income totals $3,984/mo. ROI tracks 19.81% on current figures, and rental yield reads 7.48% at a $639,000 purchase. Equity gained on principal adds $4,123/yr, and 5% annual appreciation supports $176,544 over five years. Five-year ROI reaches 102.44% and total cumulative return in cash sums $215,368. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,984/mo property income instead of your personal income.
Condo
Built in 1916
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02210, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,083 (100%) |
| Owner Occupied HU | 869 (14.3%) |
| Renter Occupied HU | 4,114 (67.6%) |
| Vacant Housing Units | 1,100 (18.1%) |
| Median Home Value | $1,294,057 |
| Average Home Value | $1,362,020 |
Housing Distribution
Address Breakdown
Residential
5,468
Single Family
4
Multi-Family
5,464
Businesses
1,193
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Listed by: Peter Cote • Redfin Corp.
Mls Name: MLS PIN
Mls ID: #73428699