59 Berkeley St UNIT 3SomervilleMA02143
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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 59 Berkeley St UNIT 3, Somerville, MA, 02143 earns from $3,552/mo rent with a $3,612/mo payment. Total monthly income totals $3,552/mo. ROI tracks 14.63% on current figures, and rental yield reads 5.78% at a $738,000 purchase. Equity gained on principal adds $4,762/yr, and 5% annual appreciation supports $203,896 over five years. Five-year ROI reaches 74.63% and total cumulative return in cash sums $181,206. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,552/mo property income instead of your personal income.
Condo
Built in 1900
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: Lauren Holleran Team • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73446638