16 Central 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 16 Central St, Somerville, MA, 02143 at $1,589,000 posts ROI 12.08% with from $6,460/mo rent. Total monthly income equals $6,460/mo. Return on cash invested measures 12.08% and rental yield reads 4.88% at the current $1,589,000. Equity gained on principal adds $10,254/yr, and 5% annual appreciation supports $439,011 by year five. Five-year ROI prints 60.94% and total cumulative return in cash totals $313,734. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,460/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1915
3,600 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: Katherine Malin • Compass
Mls Name: MLS PIN
Mls ID: #73405299