Yearly income of $107,000 makes for an excellent investment property for small investors with plenty of room to grow! Very low maintenance in one of the hottest neighborhoods. 8/10th mile from Porter Square and Davis Square. The property was fully renovated in 2022 with high-end finishes from Kohler and Porcelanosa, as well as central air and natural gas forced heat. Tenants pay all utilities except water and sewer. Red or Green line within 1 mile from Union Square, Porter Square or Harvard. Close to Harvard Grad school campuses via pedestrian Walk-way. Stop and Shop, Market Basket and Star Market with dozens of new upscale eateries. Great potential for either an owner occupant or grad student rental, each bedroom having separate baths and common yard out the back.
17 Belmont St, Somerville, MA, 02143
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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