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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Somerville at 12 Lester Ter, Somerville, MA, 02144 with 5% annual appreciation on a $1,999,000 basis while $5,600/mo rent supports operations. 4% in year one. Equity gained on principal adds $12,899/yr, and five-year appreciation sums $552,287 alongside rental yield of 3.36%. Five-year ROI measures 35.82% and total cumulative return in cash totals $232,025. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,600/mo property income versus a $9,784/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
2,295 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 02144, Somerville, MA area.
| 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 |
Residential
10,584
Single Family
7,809
Multi-Family
2,775
Businesses
616
Date | Event | Price |
|---|---|---|
| 2025-05-22 | Listed for sale | $1,999,000 |
| 2023-05-08 | Listing removed | N/A |
| 2023-04-22 | Listed for rent | $7,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-26 | $20335.00 | 7.91% | $1,933,000 | 6.06% |
| 2023-05-26 | $18845.00 | 8.12% | $1,822,500 | 6.44% |
| 2022-05-26 | $17430.00 | 29.22% | $1,712,200 | 29.35% |
Listed by: Timothy Scalisi • CJL Rentals & Property Management Co., Inc.
Mls Name: MLS PIN
Mls ID: #73378846
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
