116 Prospect StSomervilleMA02143
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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 Somerville at 116 Prospect St, Somerville, MA, 02143 with 5% annual appreciation on a $1,600,000 basis while $4,212/mo rent supports operations. 78% in year one. Equity gained on principal adds $10,325/yr, and five-year appreciation sums $442,051 alongside rental yield of 3.16%. Five-year ROI measures 32.47% and total cumulative return in cash totals $168,327. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,212/mo property income versus a $7,831/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
4,680 sqft 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: Michael O'Brien • ERA Key Realty Services- Fram
Mls Name: MLS PIN
Mls ID: #73396107