97 Elmwood St #110SomervilleMA02144
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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 97 Elmwood St #110, Somerville, MA, 02144 uses $212,205 cash to close to unlock $12,079/yr annual cash flow and $1,007/mo monthly cash flow. Total monthly income runs $5,072/mo, and a $3,157/mo payment keeps the spread at $1,007/mo. Purchase price stands at $645,000, and rental yield measures 9.44% with $5,072/mo rent. Return on cash invested shows 25.75% in year one, and 5% annual appreciation builds toward $178,202 over five years. Five-year ROI reaches 134.29% and total cumulative return in cash records $284,980. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,072/mo property income covering a $3,157/mo payment rather than investor’s personal income.
Condo
Built in 2023
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: Lauren Holleran Team • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73459232