34 Putnam 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 34 Putnam St, Somerville, MA, 02143 priced at $1,599,999 converts $3,325/mo rent into after a $7,831/mo obligation. Total monthly income equals $3,325/mo. Return on cash invested prints 4.72% in year one, and rental yield reads 2.49% against a $1,599,999 entry. Equity gained on principal adds $10,325/yr, while 5% annual appreciation compiles into $442,050 by year five. Five-year ROI reaches 21.46% and total cumulative return in cash sums $111,255. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,325/mo property income covering a $7,831/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
6,215 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: Gary Luongo • RE/MAX On the Charles
Mls Name: MLS PIN
Mls ID: #73471333