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Expected Rent $0
EXPENSES
Operating Expenses $0
Net Operating Income $0
Total Unlevered Cash Flow $0
Total Net Cash Flow $
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Listing Price

$419,900
  • 1
  • 1
  • 618 Sq. Ft.
  • $ 679/per Sq. Ft.

390 Broadway, Somerville MA 02145

Neighborhood: Winter Hill

Listing Price

$419,900
  • 1
  • 1
  • 618 Sq. Ft.
  • $ 679/per Sq. Ft.

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Property Description

Welcome to your new home sitting atop Winter Hill in well managed long established association ! Wonderful layout with gleaming hardwood floors and central air throughout . Spacious living room with feature working fireplace and sliders opening to your private porch ! Galley style kitchen with new cabinetry and granite counters. Large airy bedroom with roomy closet & in-unit laundry.Full bathroom.New heating system and water tank.Underground parking dedicated space .Easy access to many local amenities including parks, bike path,and of course ones to be found at Assembly Sq including the AMC, stores, restaurants.Minutes from new Greenline T stations: - Gilman & Magoun Sq's.Easy access to local universities including Tufts & Harvard.Conveniently accessible to 93, downtown Boston with MBTA bus lines outside. ***City of Somerville Owners ' Residential Exemption for 2020 is $3269 !! This has not been reflected in current taxes exhibited of $3616 meaning move in and pay hardly any taxes !!

Property Information:

  • 1
  • No parking inculded
  • $3,616
  • 72747589

Condominium Information:

Condo/HOA Fee
  • Fee paid by all owners of a condominium complex to cover condominium maintenance expenses.
  • A list of what is included in the condo fee is listed under the Condominium Information tab.
  • Condo fee amount disclosed is stated by the property’s listing agent and is subject to change.
 $428
Condo Fee Includes:
  • Water
  • Sewer
  • Master Insurance
  • Elevator
  • Exterior Maintenance
  • Landscaping
  • Snow Removal
  • Extra Storage

Market Information:

  • Listing Date 10/23/2020
  • Days on the Market 37 Days
  • Status Active
  • Listing Brokerage N/A
  • Listing Agent N/A
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$419,900
Custom
$ 1,844
Custom
Monthly Loan Payment$ 0
View Advanced Assumptions
Market statistics for 02145
Year 1Year 3Year 5
Rent
  • The amount the property is estimated it can be rented for, per month.
 		$22,428 ($1,869/mo)$24,508 ($2,042/mo)$26,000 ($2,167/mo)
Vacancy Loss
  • The percentage of a year the property remains vacant and is not collecting rent.
  • For example, if the property is vacant in between tenants.
  • Default assumption is 5% (which is about 18 days).
 		$1,121$1,225$1,300
Property Taxes
  • Tax on the property, based on the assessed value by the city.
  • Property tax amount disclosed is typically for the previous year, as stated by the property’s listing agent.
 		$3,616$3,837$3,992
Property Management
  • The cost of a third-party that is hired to manage the property.
  • The cost can either be a percentage of rent or a fixed amount.
  • The default is that there is no property manager hired.
 		$0$0$0
Leasing Fees
  • Fees paid by the landlord to brokers to rent the property.
  • Default is that the tenant pays the broker fees, not the landlord.
 		$0$0$0
Condo Fees
  • Fee paid by all owners of a condominium complex to cover condominium maintenance expenses.
  • A list of what is included in the condo fee is listed under the Condominium Information tab.
  • Condo fee amount disclosed is stated by the property’s listing agent and is subject to change.
 		$5,136$5,450$5,671
Insurance
  • Homeowners insurance for your property.
  • Occasionally, insurance is included in the condo fees.
 		$0$0$0
Repair & Maintenance (Reserves)
  • The cost incurred on routine work done to maintain the property’s current conditions.
  • For example, general repairs such as replacing light bulbs, painting touchups, landscape, changing locks, professional cleaning.
  • Repairs and Maintenance are to maintain the current value, not to improve it.
  • Kitchen or bathroom renovations do not fall under Repairs and Maintenance, but are considered Capital Expenditures, since they improve the property’s value.
 		$0$0$0
Net Operating Income
  • Net Operating Income (NOI) is a metric used to calculate the operating cash flow of a property, without taking any loans or major capital improvements into consideration.
  • Think of it simply as rental revenue minus expenses.
  • For the purposes of this calculation, NOI is calculated by Estimated Rent minus Condo Fees and Taxes.
  • A more detailed version of NOI can be calculated in the Advanced Assumptions tab, and viewed in the financials tab
 		$12,555 ($1,046/mo)$13,995 ($1,166/mo)$15,037 ($1,253 / mo)
Capital Expenditure
  • The cost incurred for work done to improve or upgrade the property.
  • Capital expenditures increase the value of the property.
  • For example, new appliances, kitchen or bathroom renovations, new roof, new flooring.
 		$0$0$0
Total Unlevered Cash Flow
  • This is the first year net cash flow, representing the estimated rental revenue, minus tax, operating expenses and loan payments based on lending assumptions.
  • Click “View Detailed Analysis” for a further breakdown on assumptions.
 		$12,555$13,995$15,037
Loan Payment
  • The amount in cash that is paid initially when purchasing a property, specifically with a loan.
  • The down payment amount is used to calculate your initial investment and projected returns.
 		$0$0$0
Total Net Cash Flow
  • This is the first year net cash flow, representing the estimated rental revenue, minus tax, operating expenses and loan payments based on lending assumptions.
  • Click “View Detailed Analysis” for a further breakdown on assumptions.
 		$12,555 ($1,046/mo)$13,995 ($1,166/mo)$15,037 ($1,253/mo)
Sale of Property
Sale Price
  • The price at which you project selling the property for.
 		---
Sales Cost
  • Brokerage commission the seller must pay for upon sale.
 		---
Net Sales Proceed
  • Sales Price minus Sales Costs.
 		---
Total Profit (including Net Cash Flows)
  • Net Sales Proceeds minus purchase price plus all of the total net cash flows until sale.
 		---
Investment Metrics
Cap Rate
  • Estimated rate of return for the property, excluding loan costs.
  • Based on year 1 estimate.
  • Cap rate=Net Operating Income/Purchase price
 		---
Cash On Cash
  • Estimated rate of return for just the cash that invested into the property.
  • It is the net cash flow (rental revenue minus operating expenses and loan expenses) divided by how much cash is invested in the property (the down payment).
 		---
Total Return On Investment(ROI)
  • A rate of return, comparing the total profit from the rent and sale of the property, to the total cash invested
  • ROI= Total Net Cash Flow + (Property Sale Price – Sales Costs) – Down payment/Down payment
 		---
Internal Rate Of Return(IRR)
  • An average annualized rate of return on your total invested cash, sometimes also called annualized ROI.
  • Like ROI, it takes into account the property’s cash flow, property value appreciation upon sale, and paying down the loan balance. However, it is the average rate of return over the course of your hold
 		---
Rent$22,428 ($1,869/mo)
Vacancy Loss$1,121
Property Taxes$3,616
Property Management$0
Leasing Fees$0
Condo Fees$5,136
Insurance$0
Repair & Maintenance (Reserves)$0
Net Operating Income$12,555 ($1,046/mo)
Capital Expenditure$0
Total Unlevered Cash Flow$12,555
Loan Payment$0
Total Net Cash Flow$12,555 ($1,046/mo)
Sale of Property
Sale Price-
Sales Cost-
Net Sales Proceed-
Total Profit (including Net Cash Flows)-
Investment Metrics
Cap Rate-
Cash On Cash-
Total Return On Investment(ROI)-
Internal Rate Of Return(IRR)-
Rent$24,508 ($2,042/mo)
Vacancy Loss$1,225
Property Taxes$3,837
Property Management$0
Leasing Fees$0
Condo Fees$5,450
Insurance$0
Repair & Maintenance (Reserves)$0
Net Operating Income$13,995 ($1,166/mo)
Capital Expenditure$0
Total Unlevered Cash Flow$13,995
Loan Payment$0
Total Net Cash Flow$13,995 ($1,166/mo)
Sale of Property
Sale Price-
Sales Cost-
Net Sales Proceed-
Total Profit (including Net Cash Flows)-
Investment Metrics
Cap Rate-
Cash On Cash-
Total Return On Investment(ROI)-
Internal Rate Of Return(IRR)-
Rent$26,000 ($2,167/mo)
Vacancy Loss$1,300
Property Taxes$3,992
Property Management$0
Leasing Fees$0
Condo Fees$5,671
Insurance$0
Repair & Maintenance (Reserves)$0
Net Operating Income$15,037 ($1,253/mo)
Capital Expenditure$0
Total Unlevered Cash Flow$15,037
Loan Payment$0
Total Net Cash Flow$15,037 ($1,253/mo)
Sale of Property
Sale Price-
Sales Cost-
Net Sales Proceed-
Total Profit (including Net Cash Flows)-
Investment Metrics
Cap Rate-
Cash On Cash-
Total Return On Investment(ROI)-
Internal Rate Of Return(IRR)-
Modify Assumptions
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