8 Walnut St APT 22EverettMA02149
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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 8 Walnut St APT 22, Everett, MA, 02149 priced at $269,900 converts $2,450/mo rent into $354/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,450/mo, and annual cash flow totals $4,247/yr on $89,472 invested. Return on cash invested prints 24.66% in year one, and rental yield reads 10.89% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 130.36% and total cumulative return in cash sums $116,634. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,450/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
$395 monthly 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: Marissa Monteiro • RE/MAX Synergy
Mls Name: MLS PIN
Mls ID: #73323537
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