29 Packard AveSomervilleMA02144
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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 29 Packard Ave, Somerville, MA, 02144 with 5% annual appreciation on a $1,599,900 basis while $7,740/mo rent supports operations. 94% in year one. Equity gained on principal adds $10,324/yr, and five-year appreciation sums $442,023 alongside rental yield of 5.81%. Five-year ROI measures 76.26% and total cumulative return in cash totals $395,324. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,740/mo property income versus a $7,831/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
3,654 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02144, Somerville, MA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,584
Single Family
7,809
Multi-Family
2,775
Businesses
616
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Listed by: Brian Gagnon • Coldwell Banker Realty - Boston
Mls Name: MLS PIN
Mls ID: #73458621