Boston, MA — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
2.7%
Below average
Monthly Cash Flow
-$2,317
After all expenses
Price-to-Rent
18.8
Overpriced for rent
DSCR
0.42
Fails
📊 Key Metrics
- Median Home Price
- $819,538
- Average Rent (3BR)
- $3,805/mo
- Price-to-Rent Ratio
- 18.8(high)
- 1% Rule
- 0.44%(fails — need 1%+)
- Cash-on-Cash Return
- -16.2%
- Vacancy Rate
- 8.0%
📈 Market Strength
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →📈 Population Movement (Tax Year 2021→2022)
Net Migration
-9,452 households
SHRINKING
Total Inflow
318,651
households moved in
Avg Income (New Residents)
$149,398
per household
Where they're coming from:
1.Suffolk Non-migrants, MA291,613 households · avg $152,969
2.Middlesex, MA8,050 households · avg $123,811
3.Norfolk, MA4,227 households · avg $105,238
4.Essex, MA1,885 households · avg $95,222
5.Plymouth, MA1,119 households · avg $104,856
Where residents are leaving to:
1.Suffolk Non-migrants, MA291,613 households
2.Middlesex, MA10,277 households
3.Norfolk, MA6,241 households
4.Essex, MA2,962 households
5.Plymouth, MA2,031 households
💡 Net outflow may indicate weakening demand — but can mean lower prices and higher cap rates.
🏘️ Best Zip Codes in Boston for Investors
All Zip Codes in Boston
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 02114 | 5.0% | -$837 | $748,337 | $5,130/mo | 0.79 |
| 02215 | 4.5% | -$1,132 | $722,814 | $4,560/mo | 0.71 |
| 02135 | 4.0% | -$1,335 | $678,720 | $3,950/mo | 0.63 |
| 02113 | 4.0% | -$1,451 | $722,761 | $4,170/mo | 0.62 |
| 02109 | 3.6% | -$2,200 | $950,712 | $5,130/mo | 0.57 |
| 02126 | 3.4% | -$1,534 | $608,494 | $3,130/mo | 0.53 |
| 02111 | 3.0% | -$2,758 | $978,718 | $4,680/mo | 0.47 |
| 02130 | 2.9% | -$2,349 | $818,312 | $3,860/mo | 0.46 |
| 02122 | 2.8% | -$2,000 | $673,928 | $3,100/mo | 0.44 |
| 02128 | 2.8% | -$1,984 | $669,214 | $3,080/mo | 0.44 |
| 02127 | 2.8% | -$2,633 | $868,855 | $3,930/mo | 0.43 |
| 02131 | 2.8% | -$2,203 | $727,266 | $3,290/mo | 0.43 |
| 02121 | 2.7% | -$1,973 | $644,434 | $2,890/mo | 0.42 |
| 02129 | 2.7% | -$3,136 | $1,014,128 | $4,510/mo | 0.42 |
| 02119 | 2.6% | -$2,052 | $656,147 | $2,890/mo | 0.41 |
| 02136 | 2.6% | -$2,058 | $657,044 | $2,890/mo | 0.41 |
| 02125 | 2.6% | -$2,083 | $660,738 | $2,890/mo | 0.41 |
| 02134 | 2.6% | -$2,723 | $860,306 | $3,750/mo | 0.41 |
| 02124 | 2.4% | -$2,285 | $695,650 | $2,930/mo | 0.38 |
| 02132 | 2.4% | -$2,727 | $820,765 | $3,420/mo | 0.38 |
| 02115 | 2.1% | -$3,319 | $934,176 | $3,630/mo | 0.33 |
| 02116 | 2.0% | -$4,988 | $1,359,495 | $5,090/mo | 0.31 |
| 02120 | 1.9% | -$3,454 | $932,330 | $3,450/mo | 0.30 |
| 02110 | 1.9% | -$5,351 | $1,418,184 | $5,130/mo | 0.29 |
| 02210 | 1.6% | -$5,933 | $1,504,651 | $5,130/mo | 0.26 |
| 02118 | 1.6% | -$3,838 | $969,794 | $3,290/mo | 0.26 |
| 02108 | 1.2% | -$7,137 | $1,644,267 | $4,810/mo | 0.18 |
| 02199 | -0.3% | -$20,261 | $3,630,669 | $5,130/mo | -0.05 |