170 Highland Ave APT 4SomervilleMA02143
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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 170 Highland Ave APT 4, Somerville, MA, 02143 uses $155,474 cash to close to unlock $4,422/yr annual cash flow and $368/mo monthly cash flow. Total monthly income runs $3,325/mo, and a $2,296/mo payment keeps the spread at $368/mo. Purchase price stands at $469,000, and rental yield measures 8.51% with $3,325/mo rent. Return on cash invested shows 22.75% in year one, and 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 118.25% and total cumulative return in cash records $183,847. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,325/mo property income covering a $2,296/mo payment rather than investor’s personal income.
Condo
Built in 1880
N/A 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: Joseph Cirrone • Advisors Living - Boston
Mls Name: MLS PIN
Mls ID: #73427789