197 Washington St #207SomervilleMA02143
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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
Total monthly income runs $3,083/mo, and a $2,967/mo payment. Purchase price stands at $606,200, and rental yield measures 6.1% with $3,083/mo rent. Return on cash invested shows 15.62% in year one, and 5% annual appreciation builds toward $167,482 over five years. Five-year ROI reaches 79.98% and total cumulative return in cash records $159,518. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,083/mo property income covering a $2,967/mo payment rather than investor’s personal income.
Condo
Built in 2015
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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A