113 Sumner St #23 Boston — Photo 1 of 18
$531,848
Investment Analysis — 113 Sumner St #23
Boston, MA 02128 — East Boston
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02128 carries an estimated $3,290/mo in gross rent — about a 4.41% cap rate and $23,435/yr in estimated NOI at the $531,848 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,344
Style
Condominium
Built
2004
City of Boston Inclusionary Development Unit / BPDA Income Restricted East Boston Waterfront 3 bedroom / 1.5 bath condo on the 2nd floor. Building is a 30 unit professionally managed elevator building, central AC, and close access to the Maverick Blue Line stop. Condo has in unit washer/dryer and a view overlooking Boston Harbor. Sale is subject to BPDA approval of buyer eligibility (2 member household up to $109,760, 3 member household up to $123,440, 4 member household up to $137,120, and 5 member household up to $148,160). Ask for income limits for larger households. Buyers must have under $75,000 in liquid assets (excluding most retirement and education accounts) and obtain mortgage financing. The unit must be the buyer's primary residence. Buyers must complete an affidavit and be approved by the BPDA / MOH. BPDA requires buyers to contribute at least 1.5% of the purchase price from their own savings unless a VA loan is being used. After purchase, owners are encouraged to become as financially successful as possible!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Highway Access • House of Worship
Geography
Listing Agent: Richard Hornblower
Listing Office: Coldwell Banker Realty - Boston
MLS® Number: 73564416
