69 Electric Ave #2SomervilleMA02144
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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
Total monthly income runs $4,500/mo, and a $4,645/mo payment. Purchase price stands at $949,000, and rental yield measures 5.69% with $4,500/mo rent. Return on cash invested shows 14.37% in year one, and 5% annual appreciation builds toward $262,191 over five years. Five-year ROI reaches 73.24% and total cumulative return in cash records $228,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,500/mo property income covering a $4,645/mo payment rather than investor’s personal income.
Condo
Built in 1886
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: David Bottari • Berkshire Hathaway HomeServices Commonwealth Real Estate
Mls Name: MLS PIN
Mls ID: #73466840