74 Summer StEverettMA02149
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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 Everett at 74 Summer St, Everett, MA, 02149 priced at $620,000 pairs $4,855/mo rent with $947/mo cash flow after a $3,035/mo payment. Total monthly income equals $4,855/mo, and annual cash flow comes to $11,362/yr on $203,980 invested. Return on cash invested is 25.63% in year one, and rental yield stands at 9.4% on a $620,000 basis. Equity gained on principal adds $4,001/yr, and 5% annual appreciation accumulates to $171,295 by year five. Five-year ROI measures 133.64% and total cumulative return in cash reaches $272,595. For financing, Ziffy Mortgage’s DSCR program evaluates $4,855/mo property income against a $3,035/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
3,315 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02149, Everett, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,232 (100%) |
| Owner Occupied HU | 6,390 (33.2%) |
| Renter Occupied HU | 11,533 (60.0%) |
| Vacant Housing Units | 1,309 ( 6.8%) |
| Median Home Value | $663,330 |
| Average Home Value | $770,097 |
Housing Distribution
Address Breakdown
Residential
16,494
Single Family
12,457
Multi-Family
4,037
Businesses
1,229
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Listed by: Myrna Jean-Charles • Open Circle Realty Group LLC
Mls Name: MLS PIN
Mls ID: #73427642