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$749,000

Under Contract
234 Beach St, Revere, MA 02151
5 Beds
2 Baths
2,382 Square Feet
0.13 Acres Lot
Built in 1890
Under Contract
Units n/a
Checked: 6 hours ago
Updated: Jun 27, 2025 at 03:40AM

Investment Summary


Monthly Cash Flow
-$1,024
Cap Rate
4.0%
Cash-on-Cash Return
-7.1%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-2.9%

Property Description


0.13 Acres Lot
Built in 1890
Under Contract
Units n/a

Welcome to this impressive colonial residence located on sought-after Beach Street. Step into a grand foyer featuring soaring ceilings, a stunning staircase, and multiple versatile rooms perfect for home offices, guest rooms, or additional living spaces—plus a convenient half bath on the main level. Toward the rear of the home, you'll find a beautifully renovated, brand-new kitchen and a secondary staircase that leads to the spacious second floor. Upstairs, the generously sized bedrooms offer ample living space, along with a full bathroom for added convenience. The walk-up attic provides a tremendous opportunity to expand your living area or create a dream retreat with its abundant space. Zoned for both residential and business use, this property is brimming with potential with its two driveways—ideal for a live/work setup, home-based business, or multi-use investment. Don’t miss your chance to make this versatile and elegant home your own!

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Location


Property Details


Parking

  • Details: Paved, Off Street, Driveway
  • Garage Spaces: 0
  • Spaces Total: 5

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full, Interior Entry, Unfinished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Stone
  • Roof Type: Hip
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: REVEM:16B:252L:29
  • Lot Size: 5641 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1890

Tax Information

  • Annual Tax: $6,196

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Steam
  • Cooling: Window Unit(s)

Location

  • County: Suffolk

Investment Summary


Monthly Cash Flow
-$1,024
Cap Rate
4.0%
Cash-on-Cash Return
-7.1%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-2.9%

Purchase Details

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Purchase price:
$749,000
Amount financed:
-$599,200
Down payment:
$149,800
Closing costs:
$22,470
Rehab costs:
$0
Initial cash invested:
$172,270
Square feet:
2,382
Cost per square foot:
$314
Monthly rent per square foot:
$1.85

Financing Details

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Loan amount:
$599,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,544
Property tax:
$516
Insurance:
$308
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,368

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,400 $52,800
Vacancy loss: (6%)
6% -$264 -$3,168
Operating income:
$4,136 $49,632

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$516-$6,196
Insurance: (7%)
7%-$308-$3,696
Property management: (8%)
8%-$352-$4,224
Repairs & maintenance: (5%)
5%-$220-$2,640
Capital expenditures: (5%)
5%-$220-$2,640
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$1,616-$19,396

Cash Flow


Monthly Yearly
Net operating income:
$2,520 $30,240
Mortgage payments:
-$3,544 -$42,528
Cash flow:
$1,024 $12,288