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Home Massachusetts Medford Apartments

Medford 5 beds 3 baths Magoun Square - $4,735

Available: 09-01-2024
16 Photos
$4,735/mo
5 Beds
3 Baths
Available: 09/01/2024
Magoun Square, Medford, MA
9 Medford, Medford, MA 02155
Listing courtesy of Julian Lewis, Fortune RE

Amenities & Apartment Information

Unit

Pet Friendly

Property Description

Brand New 2nd bathroom ( with shower) ... Large rear porch, steps to large park ( across the street)NEWLY RENOVATED IN 2013 TOTALLY REDONE...Spacious 2000 SF 5 bed 2.5 Bath, New Kitchen with DW-D, Stainless Appliances etc. BRAND NEW hardwood floors, Freshly painted. Good layout for roommates. Sun filled, totally renovated apartment ...all Good sized bedrooms, brand new 2nd bathroom. Non permit parking on st. Mins from 93 on ramp, Ball Sq & Davis Sq. laundry on site. HUGE FINISHED BASMENET USED AS SECOND LIVING ROOM WITH ADDITIONAL FRIDGE + HALF BATH IMMACULATE UNIT... Great Space

Price Comparison

This apartment is 13.18% less expensive than the average price of $5,454 for 5 bedroom apartments in Medford. Congratulations on finding a great apartment that is below the average rent price in Medford. Contact us today before this great unit is rented!

Average Rent Prices for 5 Bedroom Apartments in Medford

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:

$172,182 - $227,280

You + 4 Roommates, Each:

$37,880 - $45,456
A range of 25-30% is usually the recommended amount of household or combined gross income to spend on rent. This is also what many landlords are looking for in a prospective tenant, a group of roommates, or their cosigner(s). Remember, this is just a suggestion and does not take into account any other expenses you may have.

Rent Calculator

How much do you (or your cosigner) earn each year before taxes?

High Range

35% of Gross Income

$6,629

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Mid Range

25% of Gross Income

$4,735

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Low Range

15% of Gross Income

$2,841

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Have You Considered Buying
Your Own Home?

Instead of paying $4,735/mo in rent, these homes may have a similar monthly mortgage.

This is an estimate based on a 30-year fixed-rate mortgage at 7.242% interest, 20% down payment, $120/mo homeowners insurance, and the average property tax rate of 10.90 in the Boston area. Actual interest rates, property taxes, and homeowners insurance will vary. Does not include additional expenses or fees such as closing costs, PMI, or HOA fees. Buyers must complete their own due diligence based on current market conditions.