347 Washington StSomervilleMA02143
Nearby investment properties with comparable rents
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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 347 Washington St, Somerville, MA, 02143 offers $3,815/mo rent that, after a $5,139/mo payment. Total monthly income is $3,815/mo. Return on cash invested measures 10.48% in year one, and rental yield stands at 4.36% at a $1,050,000 entry. Equity gained on principal adds $6,775/yr while 5% annual appreciation compounds into $290,096 by year five. Five-year ROI records 52.36% and total cumulative return in cash reaches $178,145. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,815/mo property income versus a $5,139/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1885
2,178 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: Maggie Dee + Charles Cherney Team • Compass
Mls Name: MLS PIN
Mls ID: #73471131