411 Norfolk St UNIT 1FSomervilleMA02143
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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 411 Norfolk St UNIT 1F, Somerville, MA, 02143 offers a 10.15% rental yield on a $364,600 purchase with $3,083/mo rent. Total monthly income registers $3,083/mo, and a $1,785/mo payment leaves $785/mo available for distribution. Annual cash flow reaches $9,414/yr on $120,865 to close, and return on cash invested stands at 27.7% in year one. Equity gained on principal adds $2,353/yr while 5% annual appreciation supports $100,732 over five years. Portfolio math shows five-year ROI at 144.78% and total cumulative return in cash at $174,986. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,083/mo property income against a $1,785/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
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
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