27-29 Knapp 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
Rental property for sale in Somerville at 27-29 Knapp St, Somerville, MA, 02143 priced at $1,049,000 pairs $7,980/mo rent with $1,369/mo cash flow after a $5,134/mo payment. Total monthly income equals $7,980/mo, and annual cash flow comes to $16,424/yr on $339,876 invested. Return on cash invested is 25.2% in year one, and rental yield stands at 9.13% on a $1,049,000 basis. Equity gained on principal adds $6,769/yr, and 5% annual appreciation accumulates to $289,819 by year five. Five-year ROI measures 131.28% and total cumulative return in cash reaches $446,188. For financing, Ziffy Mortgage’s DSCR program evaluates $7,980/mo property income against a $5,134/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
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: Eric Hung • Engel & Vlkers Wellesley
Mls Name: Engel & Volkers
Mls Provider:
Mls ID: #73304979