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$349,999

For Sale - Active
44 Lafayette Ave Apt 404, Chelsea, MA 02150
1 Bed
1 Bath
636 Square Feet
0.00 Acres Lot
Built in 1972
For Sale - Active
32 Units
Checked: 2 hours ago
Updated: Jun 06, 2025 at 03:26AM

Investment Summary


Monthly Cash Flow
-$799
Cap Rate
2.9%
Cash-on-Cash Return
-11.9%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-7.5%

Property Description


0.00 Acres Lot
Built in 1972
For Sale - Active
32 Units

PRICE REDUCED!!! Bright & Modern 1-Bedroom with Stunning City Views and Rooftop Deck! Welcome to this charming and sun-filled 1-bedroom apartment, ideally located less than 10 minutes from downtown Boston. This 4th-floor (penthouse level) unit features beautiful wood flooring, sleek granite countertops, and stainless steel appliances—including a flat-top stove, dishwasher, and garbage disposal—in a newly updated kitchen. Enjoy breathtaking views of the Boston skyline from the living room, bedroom, and the showstopping rooftop deck—perfect for relaxing or entertaining. Commuting is a breeze with easy access to the Silver Line and the Commuter Rail, which offers a direct route from Chelsea to North Station. Your very own assigned parking spot is also included! 24-Hour Notice of Entry for Showing.

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Location


Property Details


Parking

  • Description: Off Street, Deeded
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

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

Interior Features

  • # of Rooms: 3
  • # of Stories: 5

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Type: Flat

HOA

  • Has HOA: Yes
  • HOA Fee: $382/monthly

Land Information

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

Lot Information

  • Parcel ID: CHELM:065P:44404
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Other (See Remarks)
  • Year Built: 1972

Tax Information

  • Annual Tax: $3,350

Utilities

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

Location

  • County: Suffolk

Investment Summary


Monthly Cash Flow
-$799
Cap Rate
2.9%
Cash-on-Cash Return
-11.9%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-7.5%

Purchase Details

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Purchase price:
$349,999
Amount financed:
-$279,999
Down payment:
$70,000
Closing costs:
$10,500
Rehab costs:
$0
Initial cash invested:
$80,500
Square feet:
636
Cost per square foot:
$550
Monthly rent per square foot:
$3.46

Financing Details

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Loan amount:
$279,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,656
Property tax:
$279
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,089

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$279-$3,350
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (17%)
17%-$382-$4,584
Total operating expenses: (55%)
55%-$1,211-$14,534

Cash Flow


Monthly Yearly
Net operating income:
$857 $10,284
Mortgage payments:
-$1,656 -$19,872
Cash flow:
$799 $9,588