118 Albion St #2SomervilleMA02144
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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 118 Albion St #2, Somerville, MA, 02144 offers a 7.39% rental yield on a $745,000 purchase with $4,588/mo rent. 54% in year one. Equity gained on principal adds $4,807/yr while 5% annual appreciation supports $205,830 over five years. Portfolio math shows five-year ROI at 100.96% and total cumulative return in cash at $247,448. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,588/mo property income against a $3,646/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02144, Somerville, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,741 (100%) |
| Owner Occupied HU | 3,787 (32.3%) |
| Renter Occupied HU | 7,416 (63.2%) |
| Vacant Housing Units | 538 ( 4.6%) |
| Median Home Value | $1,132,714 |
| Average Home Value | $1,216,709 |
Housing Distribution
Address Breakdown
Residential
10,584
Single Family
7,809
Multi-Family
2,775
Businesses
616
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Listed by: Joanne McDonnell • RE/MAX Real Estate Center
Mls Name: MLS PIN
Mls ID: #73468914