10 Avon St APT 17SomervilleMA02143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Somerville at 10 Avon St APT 17, Somerville, MA, 02143 listed at $500,000 pairs $3,659/mo rent with a $2,447/mo payment to leave $508/mo cash flow. Total monthly income runs $3,659/mo, and annual cash flow reaches $6,094/yr on $165,750 cash to close. Return on cash invested measures 23.59% in year one, and rental yield registers 8.78% at a $500,000 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 122.71% and total cumulative return in cash totals $203,384. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,659/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1970
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Yunqing Du • Phoenix Real Estate Partners, LLC
Mls Name: MLS PIN
Mls ID: #73428211