995 Mass Ave #404, Arlington, MA, 02476 | 6.96% Rental Yield

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995 Mass Ave #404, Arlington, MA, 02476 | 6.96% Rental Yield | Ziffy

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,986/mo, and a $2,521/mo payment. Purchase price stands at $515,000, and rental yield measures 6.96% with $2,986/mo rent. Return on cash invested shows 18.22% in year one, and 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 93.9% and total cumulative return in cash records $159,097. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,986/mo property income covering a $2,521/mo payment rather than investor’s personal income.

Condo

Built in 1971

N/A lot

$N/A/sqft

No HOA

More details about the property

Nicely updated 1-bed, 1-bath condo in the desirable Mill Brook Condominiums, ideally located on Mass Ave in the heart of Arlington. This bright 4th-floor unit features a great layout, excellent natural light, engineered hardwood floors, an updated kitchen w/ stainless appliances, and modern bath. Plus you'll enjoy fresh air & sunshine on the spacious private balcony that spans the length of the unit, accessible from both the living room and bedroom. Additional highlights include elevator access, assigned off-street parking w/ additional parking in common lot . Pet-friendly and professionally managed, the building offers convenience and comfort in a prime location. Steps to public transportation making trips to Harvard Square and the Alewife T station a breeze. Easy access to supermarkets, shops, Arlington eateries, the Minuteman Bike Path, parks and tennis courts.. An ideal home in one of Arlingtons most vibrant neighborhoods. The reasonable condo fee includes heat & hot wate

Neighborhood Data

Neighborhood data shown for ZIP Code: 02476, Arlington, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,542 (100%)
Owner Occupied HU	5,089 (67.5%)
Renter Occupied HU	2,176 (28.9%)
Vacant Housing Units	277 ( 3.7%)
Median Home Value	$937,898
Average Home Value	$1,028,271