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Edit Assumptions:

Enter your expense and sales assumptions, and click apply to see impact on overall performance.

INCOME
Expected Rent $0
EXPENSES
Operating Expenses $0
Net Operating Income $0
Total Unlevered Cash Flow $0
Total Net Cash Flow $

Listing Price

$275,000
  • 1
  • 1
  • 325 Sq. Ft.
  • $ 846/per Sq. Ft.

63 Sutherland Road, Boston MA 02135

Neighborhood: Brighton

Listing Price

$275,000
  • 1
  • 1
  • 325 Sq. Ft.
  • $ 846/per Sq. Ft.
Neighborhood Growth Rates

Property Description

Investors & Owner Occupants take notice!! This is a rare opportunity to own a unit that has never been vacant. This Cozy and bright STUDIO has a Separate Eat-In Kitchen, so you don't need to stare at your fridge from your bed! It’s located in Brighton’s Cleveland Circle, which is near the B,C, and D-Line train stops. It’s also walking distance from restaurants, grocery stores, laundromats, and the Chestnut Hill Reservoir! Parking isn’t as much of a nightmare as it is in other areas of Brighton because there’s plenty of available parking for residents and non-residents. This one won’t last on the market for long, If you're seeking a Charming studio at a Reasonable price, then Welcome Home. Come see for yourself on Sun. November 28th, from 1-2. Offers, if any, due Mon at 7pm.

Property Information:

  • 0
  • No parking inculded
  • $2,750
  • 72922475

Condominium Information:

Market Information:

  • Listing Date 11/22/2021
  • Days on the Market 5 Days
  • Status Active
  • Listing Brokerage N/A
  • Listing Agent N/A
Market statistics for 02135
Year 1Year 3Year 5
Rent
  • The amount the property is estimated it can be rented for, per month.
$19,620 ($1,635/mo)$21,439 ($1,787/mo)$22,745 ($1,895/mo)
Vacancy Loss
  • The percentage of a year the property remains vacant and is not collecting rent.
  • For example, if the property is vacant in between tenants.
  • Default assumption is 5% (which is about 18 days).
$981$1,072$1,137
Property Taxes
  • Tax on the property, based on the assessed value by the city.
  • Property tax amount disclosed is typically for the previous year, as stated by the property’s listing agent.
$0$0$0
Property Management
  • The cost of a third-party that is hired to manage the property.
  • The cost can either be a percentage of rent or a fixed amount.
  • The default is that there is no property manager hired.
$0$0$0
Leasing Fees
  • Fees paid by the landlord to brokers to rent the property.
  • Default is that the tenant pays the broker fees, not the landlord.
$0$0$0
Condo Fees
  • Fee paid by all owners of a condominium complex to cover condominium maintenance expenses.
  • A list of what is included in the condo fee is listed under the Condominium Information tab.
  • Condo fee amount disclosed is stated by the property’s listing agent and is subject to change.
$2,520$2,674$2,782
Insurance
  • Homeowners insurance for your property.
  • Occasionally, insurance is included in the condo fees.
$0$0$0
Repair & Maintenance (Reserves)
  • The cost incurred on routine work done to maintain the property’s current conditions.
  • For example, general repairs such as replacing light bulbs, painting touchups, landscape, changing locks, professional cleaning.
  • Repairs and Maintenance are to maintain the current value, not to improve it.
  • Kitchen or bathroom renovations do not fall under Repairs and Maintenance, but are considered Capital Expenditures, since they improve the property’s value.
$0$0$0
Net Operating Income
  • Net Operating Income (NOI) is a metric used to calculate the operating cash flow of a property, without taking any loans or major capital improvements into consideration.
  • Think of it simply as rental revenue minus expenses.
  • For the purposes of this calculation, NOI is calculated by Estimated Rent minus Condo Fees and Taxes.
  • A more detailed version of NOI can be calculated in the Advanced Assumptions tab, and viewed in the financials tab
$16,119 ($1,343/mo)$17,693 ($1,474/mo)$18,825 ($1,569 / mo)
Capital Expenditure
  • The cost incurred for work done to improve or upgrade the property.
  • Capital expenditures increase the value of the property.
  • For example, new appliances, kitchen or bathroom renovations, new roof, new flooring.
$0$0$0
Total Unlevered Cash Flow
  • This is the first year net cash flow, representing the estimated rental revenue, minus tax, operating expenses and loan payments based on lending assumptions.
  • Click “View Detailed Analysis” for a further breakdown on assumptions.
$16,119$17,693$18,825
Loan Payment
  • The amount in cash that is paid initially when purchasing a property, specifically with a loan.
  • The down payment amount is used to calculate your initial investment and projected returns.
$0$0$0
Total Net Cash Flow
  • This is the first year net cash flow, representing the estimated rental revenue, minus tax, operating expenses and loan payments based on lending assumptions.
  • Click “View Detailed Analysis” for a further breakdown on assumptions.
$16,119 ($1,343/mo)$17,693 ($1,474/mo)$18,825 ($1,569/mo)
Sale of Property
Sale Price
  • The price at which you project selling the property for.
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Sales Cost
  • Brokerage commission the seller must pay for upon sale.
---
Net Sales Proceed
  • Sales Price minus Sales Costs.
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Total Profit (including Net Cash Flows)
  • Net Sales Proceeds minus purchase price plus all of the total net cash flows until sale.
---
Investment Metrics
Cap Rate
  • Estimated rate of return for the property, excluding loan costs.
  • Based on year 1 estimate.
  • Cap rate=Net Operating Income/Purchase price
---
Cash On Cash
  • Estimated rate of return for just the cash that invested into the property.
  • It is the net cash flow (rental revenue minus operating expenses and loan expenses) divided by how much cash is invested in the property (the down payment).
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Total Return On Investment(ROI)
  • A rate of return, comparing the total profit from the rent and sale of the property, to the total cash invested
  • ROI= Total Net Cash Flow + (Property Sale Price – Sales Costs) – Down payment/Down payment
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Internal Rate Of Return(IRR)
  • An average annualized rate of return on your total invested cash, sometimes also called annualized ROI.
  • Like ROI, it takes into account the property’s cash flow, property value appreciation upon sale, and paying down the loan balance. However, it is the average rate of return over the course of your hold
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Rent$19,620 ($1,635/mo)
Vacancy Loss$981
Property Taxes$0
Property Management$0
Leasing Fees$0
Condo Fees$2,520
Insurance$0
Repair & Maintenance (Reserves)$0
Net Operating Income$16,119 ($1,343/mo)
Capital Expenditure$0
Total Unlevered Cash Flow$16,119
Loan Payment$0
Total Net Cash Flow$16,119 ($1,343/mo)
Sale of Property
Sale Price-
Sales Cost-
Net Sales Proceed-
Total Profit (including Net Cash Flows)-
Investment Metrics
Cap Rate-
Cash On Cash-
Total Return On Investment(ROI)-
Internal Rate Of Return(IRR)-
Rent$21,439 ($1,787/mo)
Vacancy Loss$1,072
Property Taxes$0
Property Management$0
Leasing Fees$0
Condo Fees$2,674
Insurance$0
Repair & Maintenance (Reserves)$0
Net Operating Income$17,693 ($1,474/mo)
Capital Expenditure$0
Total Unlevered Cash Flow$17,693
Loan Payment$0
Total Net Cash Flow$17,693 ($1,474/mo)
Sale of Property
Sale Price-
Sales Cost-
Net Sales Proceed-
Total Profit (including Net Cash Flows)-
Investment Metrics
Cap Rate-
Cash On Cash-
Total Return On Investment(ROI)-
Internal Rate Of Return(IRR)-
Rent$22,745 ($1,895/mo)
Vacancy Loss$1,137
Property Taxes$0
Property Management$0
Leasing Fees$0
Condo Fees$2,782
Insurance$0
Repair & Maintenance (Reserves)$0
Net Operating Income$18,825 ($1,569/mo)
Capital Expenditure$0
Total Unlevered Cash Flow$18,825
Loan Payment$0
Total Net Cash Flow$18,825 ($1,569/mo)
Sale of Property
Sale Price-
Sales Cost-
Net Sales Proceed-
Total Profit (including Net Cash Flows)-
Investment Metrics
Cap Rate-
Cash On Cash-
Total Return On Investment(ROI)-
Internal Rate Of Return(IRR)-

Below are similar properties that have sold in the area approximately.

Property Type
Historic growth
$100 to $10,000
Average Rent
$100 to $10,000
Square Feet
100 sqft to 50,000 sqft
Parking

Below are similar properties that were rented in the are.

Property Status
Parking