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14
Median Value at $651K, 7 Comps Found
Updated 11 days ago • 5 new comps
Your Investment Paths
Turnkey Rental
This property shows solid rental potential in the Cambridge market. Based on current trends, monthly income is estimated to range between $2,668 and $2,983, providing a healthy gross yield of approximately 7.58 percent for investors. Recent comparable sales and rental activity confirm this area remains a high-demand location for tenants. With a median market rent of $2,854, the unit offers a reliable income stream with strong potential for consistent occupancy.
More about this home
Neighborhood Assessment
This section of Cambridge is tough to beat if you want prime location and strong neighborhood vibes. It's super walkable—just steps from Inman Square, Harvard Square, and tons of local cafés, shops, and parks. The area also nails it on transit access and is surrounded by top-rated public schools, which always keeps demand high. Recent development nearby—stuff like new groceries and fresh retail—only adds to the appeal for both renters and buyers. Homes here, especially spacious ones like this 4-bed, 2-bath apartment (almost 10K sqft!), don't last long at the right price and condition. One-bedroom condos in the building have seen list prices between $192K and $596K lately, though your unit is much larger with a real rental draw for groups or families. Rents have had a big swing this past year (from $2K up to $4.6K/mo), but that's pretty on-trend for the area as supply can't keep up. Cambridge taxes are reasonable, and the neighborhood is basically insulated from market dips thanks to those university anchors.
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Rental Income
$34K
Yield
7.6%
Year 1 Estimates
Fix-and-Flip
Modernizing this apartment creates a vibrant, refreshed living space that resonates with buyers looking for move-in ready comfort. While the market data shows a modest price per square foot difference of $1,077 versus $1,145, quality upgrades enhance appeal. These improvements can help your home stand out, potentially supporting a sales target of $556,000 to $614,000 and consistent rental interest. Refreshing your space is a fantastic way to boost your daily lifestyle and long-term property satisfaction.
Comps
29
Buy-Rehab-Rent
This property offers a post-renovation value between $556,000 and $614,000. With high price-per-square-foot metrics in this area, the BRR strategy hinges on tight renovation budget controls to ensure equity capture remains attractive despite the significant market baseline. Projected rental income hits $2,774 monthly, providing a stable 5.7% yield. While the cap rate is conservative for this market, the steady demand for compact, high-end units makes this a reliable long-term hold for portfolio growth.
Rental Income
$33K
Yield
5.7%
Year 1 Estimates, Post Typical Renovation
Market Activity
Estimated value
$448K
$203.4K below comp median
Comparative Market Analysis
$460K – $2.5M
~267 days to sell
Based on 7 comps
22 Concord Ave, Cambridge Investment Report: Flip & Rental Analysis · Frontflip