This renovated 4-bed, 2-bath single family in Spring Hill, Somerville, offers strong rental potential. Based on recent comp data and neighborhood averages, the monthly rent range is $4,400–$4,995, with a prior rental listing at $4,800 and a Rent Zestimate near $5K. Annual gross revenue would fall between $52.8K and $59.9K. At this rate, the estimated payback period (gross rent / price) is roughly 18–20 years, which is competitive for the area. The local market shows low vacancy (0.38%) and high demand, with units renting quickly. Features like in-unit laundry, parking, and proximity to Harvard boost appeal, though the unconventional kitchen layout may deter some tenants.
To maximize rental income, consider updating cooling systems (adding mini-splits or central air), enhancing curb appeal, and staging the loft/bonus space as a fifth bedroom or premium office. If selling, highlight the walk-to-Harvard location, flexible floor plan, and recent renovations. Investors should market to academic tenants or groups seeking space, as 4–5 beds are rare in the area. Pricing at the top of the range is realistic given the modern updates and current demand.