50 Howard St UNIT 5SomervilleMA02144
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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 50 Howard St UNIT 5, Somerville, MA, 02144 priced at $1,550,000 pairs $4,400/mo rent with after a $7,586/mo payment. Total monthly income equals $4,400/mo. Return on cash invested is 7.54% in year one, and rental yield stands at 3.41% on a $1,550,000 basis. Equity gained on principal adds $10,002/yr, and 5% annual appreciation accumulates to $428,236 by year five. Five-year ROI measures 36.58% and total cumulative return in cash reaches $183,685. For financing, Ziffy Mortgage’s DSCR program evaluates $4,400/mo property income against a $7,586/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2004
N/A 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: Ricardo Rodriguez & Associates Group • Coldwell Banker Realty - Boston
Mls Name: MLS PIN
Mls ID: #73445814