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$519,000

Sale Pending
121 Salem St Apt 4D, Boston, MA 02113
1 Bed
1 Bath
500 Square Feet
0.00 Acres Lot
Built in 1920
Sale Pending
Units n/a
Checked: 13 hours ago
Updated: Sep 19, 2025 at 10:25AM

Investment Summary


Monthly Cash Flow
-$1,487
Cap Rate
2.2%
Cash-on-Cash Return
-14.9%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-10.5%

Property Description


0.00 Acres Lot
Built in 1920
Sale Pending
Units n/a

Top location with city views in the heart of the Notth End, this one bedroom condo in a professionally managed building has it all. Lots of light, great layout with generous sized rooms and views of the Boston skyline from oversized windows that span the living space. This unit includes living room, kitchen w/ lots of cabinetry and pass through wall for entertaining, a full bathroom w/ tub and windowed wall, and quiet rear-facing bedroom with views to tree filled courtyard. Hardwood floors, recessed lighting and lots of closets. Laundry room w/ free washer and dryer conveniently located on lobby level of building. Deeded storage unit, newly renovated common area, low condo fee. Steps to Boston's Waterfront, Financial District, MGH, the Seaport, and major T lines. Enjoy residential tax exemption & on-street parking or park in nearby lot. Walk / bike to Beacon Hill, Back Bay and the Esplanade. Excellent commuting via Storrow Drive, Rt 93 and Mass Pike. Furniture included if desired.

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Location


Property Details


Parking

  • Details: On Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Type: Flat
  • Roof Material: Other

HOA

  • Has HOA: Yes
  • HOA Fee: $349/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: CBOSW:03P:02370S:128
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1920

Tax Information

  • Annual Tax: $4,879

Utilities

  • Water & Sewer: Public
  • Heating: Baseboard
  • Cooling: Window Unit(s)

Location

  • County: Suffolk

Investment Summary


Monthly Cash Flow
-$1,487
Cap Rate
2.2%
Cash-on-Cash Return
-14.9%
Debt Coverage Ratio
0.39
Internal Rate of Return (5 years)
-10.5%

Purchase Details

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Purchase price:
$519,000
Amount financed:
-$415,200
Down payment:
$103,800
Closing costs:
$15,570
Rehab costs:
$0
Initial cash invested:
$119,370
Square feet:
500
Cost per square foot:
$1,038
Monthly rent per square foot:
$5.00

Financing Details

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Loan amount:
$415,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,456
Property tax:
$407
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,038

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$407-$4,879
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (14%)
14%-$349-$4,188
Total operating expenses: (55%)
55%-$1,381-$16,567

Cash Flow


Monthly Yearly
Net operating income:
$969 $11,628
Mortgage payments:
-$2,456 -$29,472
Cash flow:
-$1,487 -$17,844