1 Fitchburg St APT C303SomervilleMA02143
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Somerville at 1 Fitchburg St APT C303, Somerville, MA, 02143 generates $3,634/mo in rent and, after a $2,789/mo payment, leaves $42/mo in cash flow. Total monthly income is $3,634/mo, and annual cash flow is $509/yr on $187,497 invested. Return on cash invested sits at 20.33% in year one, and rental yield is 7.65% on a $569,900 entry. Equity gained on principal adds $3,677/yr, while 5% annual appreciation builds toward $157,453 over five years. Five-year ROI reaches 105.23% and total cumulative return in cash sums $197,310. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,634/mo property income rather than buyer’s personal income.
Condo
Built in 1880
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02143, Somerville, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,389 (100%) |
| Owner Occupied HU | 3,740 (27.9%) |
| Renter Occupied HU | 8,653 (64.6%) |
| Vacant Housing Units | 996 ( 7.4%) |
| Median Home Value | $980,543 |
| Average Home Value | $1,088,768 |
Housing Distribution
Address Breakdown
Residential
11,608
Single Family
6,984
Multi-Family
4,624
Businesses
915
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Listed by: Sabbor Sheikh • Coldwell Banker Realty - Boston
Mls Name: MLS PIN
Mls ID: #73472772