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$775,000

For Sale - Active
192 W 6th St Apt 1, Boston, MA 02127
2 Beds
2 Baths
910 Square Feet
0.00 Acres Lot
Built in 1905
For Sale - Active
3 Units
Checked: 4 hours ago
Updated: Jun 05, 2025 at 03:16AM

Investment Summary


Monthly Cash Flow
-$2,323
Cap Rate
2.7%
Cash-on-Cash Return
-15.6%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-11.1%

Property Description


0.00 Acres Lot
Built in 1905
For Sale - Active
3 Units

Gorgeous 2-bed, 2-bath condo in the heart of South Boston! Gut renovated in 2011, this property has an extensive list of upgrades and amenities rarely seen at this price point. The open-concept living room/dining room/kitchen is perfect for entertaining and day-to-day living and features honed black granite countertops, stainless steel appliances, a gas fireplace, and a slider door with direct access to your private outdoor deck and deeded parking. The primary bedroom is highlighted by a custom closet as well as an en-suite bathroom with a double vanity and an enormous, tiled shower. The second bedroom is large enough to fit a queen size bed and has easy access to the second bathroom. In-unit laundry, a private storage unit, and central air round out the rest of the upgrades. Located within just a few blocks of the Broadway T Station, Foodies Market, and all of the best restaurants and bars in South Boston.

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Location


Property Details


Parking

  • Description: Off Street
  • Details: Off Street, Guest
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Flat

HOA

  • Has HOA: Yes
  • HOA Fee: $250/monthly

Land Information

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

Lot Information

  • Parcel ID: SBOSW:06P:00978S:002
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1905

Tax Information

  • Annual Tax: $8,222

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Suffolk

Investment Summary


Monthly Cash Flow
-$2,323
Cap Rate
2.7%
Cash-on-Cash Return
-15.6%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-11.1%

Purchase Details

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Purchase price:
$775,000
Amount financed:
-$620,000
Down payment:
$155,000
Closing costs:
$23,250
Rehab costs:
$0
Initial cash invested:
$178,250
Square feet:
910
Cost per square foot:
$852
Monthly rent per square foot:
$4.29

Financing Details

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Loan amount:
$620,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$4,079
Property tax:
$685
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,037

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$685-$8,222
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (6%)
6%-$250-$3,000
Total operating expenses: (49%)
49%-$1,910-$22,922

Cash Flow


Monthly Yearly
Net operating income:
$1,756 $21,072
Mortgage payments:
-$4,079 -$48,948
Cash flow:
$2,323 $27,876