70 Hammond St #2, Cambridge, MA, 02138 | 6.74% Rental Yield

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70 Hammond St #2, Cambridge, MA, 02138 | 6.74% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cambridge at 70 Hammond St #2, Cambridge, MA, 02138 listed at $800,000 pairs $4,495/mo rent with a $3,916/mo payment. Total monthly income runs $4,495/mo. Return on cash invested measures 17.56% in year one, and rental yield registers 6.74% at a $800,000 basis. Equity gained on principal adds $5,162/yr, and annual property appreciation at 5% supports $221,025 by year five. Five-year ROI tracks 90.39% and total cumulative return in cash totals $237,896. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,495/mo property income relative to a $3,916/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1916

N/A lot

$N/A/sqft

No HOA

More details about the property

Bursting with character and windows on all 4 sides, this 1021 sq/ft, 2 bedroom, 1 bath condo features an updated kitchen & bath, in-unit washer and dryer, dining room w/china closet, custom built in book shelving in the living room, gleaming natural hardwood floors and exclusive front & back covered deck spaces. The unit has a newer gas fired steam heating system and electric service. There is a large exclusive storage room with shelving in the basement, a bike ramp into the basement for easy access and common storage as well. Tucked-in behind Harvard University, this Hammond St/Agassiz Neighborhood location offers the convenience to shops, transportation and popular Squares. Don't miss this one!

Neighborhood Data

Neighborhood data shown for ZIP Code: 02138, Cambridge, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,378 (100%)
Owner Occupied HU	5,322 (32.5%)
Renter Occupied HU	9,285 (56.7%)
Vacant Housing Units	1,771 (10.8%)
Median Home Value	$1,451,585
Average Home Value	$1,501,907