10 Somerset Ave #405WinthropMA02152
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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
Investment property for sale in Winthrop at 10 Somerset Ave #405, Winthrop, MA, 02152 listed at $551,633 pairs $2,546/mo rent with a $2,700/mo payment. Total monthly income runs $2,546/mo. Return on cash invested measures 13.91% in year one, and rental yield registers 5.54% at a $551,633 basis. Equity gained on principal adds $3,560/yr, and annual property appreciation at 5% supports $152,406 by year five. Five-year ROI tracks 70.79% and total cumulative return in cash totals $128,466. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,546/mo property income relative to a $2,700/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02152, Winthrop, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,635 (100%) |
| Owner Occupied HU | 4,584 (53.1%) |
| Renter Occupied HU | 3,489 (40.4%) |
| Vacant Housing Units | 562 ( 6.5%) |
| Median Home Value | $676,324 |
| Average Home Value | $712,386 |
Housing Distribution
Address Breakdown
Residential
7,816
Single Family
5,693
Multi-Family
2,123
Businesses
424
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Listed by: Charlesgate New Development Team • Charlesgate Realty Group, llc
Mls Name: MLS PIN
Mls ID: #73458589