950 Broadway APT 14ChelseaMA02150
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 950 Broadway APT 14, Chelsea, MA, 02150 in Chelsea worth modelling. At $469,000 with a 7.59% gross yield, the $2,966/mo rent leaves $10/mo after the $2,109/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.41 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $129,576 by year five; $4,320/yr in principal reduction adds further equity. Total projected return: $178,727.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 6.2% |
| Monthly Cash Flow | $10 | $450 |
City averages based on Chelsea market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,966 |
| Total Monthly Debt Service | $2,769 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02150, Chelsea, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,150 (100%) |
| Owner Occupied HU | 3,756 (24.8%) |
| Renter Occupied HU | 10,484 (69.2%) |
| Vacant Housing Units | 910 ( 6.0%) |
| Median Home Value | $529,074 |
| Average Home Value | $565,250 |
Housing Distribution
Address Breakdown
Residential
13,216
Single Family
5,215
Multi-Family
8,001
Businesses
986
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
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02150, Chelsea, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,150 (100%) |
| Owner Occupied HU | 3,756 (24.8%) |
| Renter Occupied HU | 10,484 (69.2%) |
| Vacant Housing Units | 910 ( 6.0%) |
| Median Home Value | $529,074 |
| Average Home Value | $565,250 |
Housing Distribution
Address Breakdown
Residential
13,216
Single Family
5,215
Multi-Family
8,001
Businesses
986
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Caroline Morson • Compass
Mls Name: MLS PIN
Mls ID: #73451417