Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$599,000

For Sale - Active
24 Rush St Unit C, Somerville, MA 02145
1 Bed
2 Baths
814 Square Feet
0.00 Acres Lot
Built in 2020
For Sale - Active
10 Units
Checked: 23 hours ago
Updated: Jun 07, 2025 at 03:13AM

Investment Summary


Monthly Cash Flow
-$1,357
Cap Rate
3.0%
Cash-on-Cash Return
-11.8%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-7.4%

Property Description


0.00 Acres Lot
Built in 2020
For Sale - Active
10 Units

This modern 1-bedroom, 1.5-bath condo on Rush Street in East Somerville offers easy and contemporary living. Built in 2020, this beautifully maintained home spans 814 sq. ft. across two levels, featuring an open-concept main floor filled with natural light, high ceilings that enhance the sense of space, and a cozy electric fireplace for added ambiance. The lower level boasts a spacious bedroom with a walk-in closet, offering plenty of storage. The thoughtfully designed layout provides seamless flow and functionality, ideal for both everyday living and entertaining. Enjoy the convenience of in-unit laundry, central heating and cooling, and high-quality finishes throughout. The building’s modern construction ensures energy efficiency and low-maintenance living. Situated in the vibrant neighborhood of East Somerville, you’ll be just steps from a variety of restaurants and parks with easy access to public transit and major routes.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: On Street
  • Details: On Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 2

Exterior Features

  • Roof Material: Shingle, Rubber

HOA

  • Has HOA: Yes
  • HOA Fee: $276/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: SOMEM:90B:EL:13U:C
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2020

Tax Information

  • Annual Tax: $5,439

Utilities

  • Water & Sewer: Public
  • Heating: Ductless
  • Cooling: Ductless

Location

  • County: Middlesex

Investment Summary


Monthly Cash Flow
-$1,357
Cap Rate
3.0%
Cash-on-Cash Return
-11.8%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-7.4%

Purchase Details

Find an Agent

Purchase price:
$599,000
Amount financed:
-$479,200
Down payment:
$119,800
Closing costs:
$17,970
Rehab costs:
$0
Initial cash invested:
$137,770
Square feet:
814
Cost per square foot:
$736
Monthly rent per square foot:
$3.93

Financing Details

Find a Lender

Loan amount:
$479,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,835
Property tax:
$453
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,512

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$453-$5,439
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (9%)
9%-$277-$3,324
Total operating expenses: (48%)
48%-$1,530-$18,363

Cash Flow


Monthly Yearly
Net operating income:
$1,478 $17,736
Mortgage payments:
-$2,835 -$34,020
Cash flow:
$1,357 $16,284