Somerville: The House Hacker's Guide to ROI

Somerville: The House Hacker's Guide to ROI

'House Hacking'-living in one unit while renting the others-is the fastest way to build wealth in Somerville. But where should you look in 2023?

The Strategy

• FHA 3.5% Down: You can buy a multi-family with a very low down payment if you intend to live there.
• Unit Mix: Look for properties with at least one 3-bedroom unit; these are the 'gold mine' for rents near Tufts or Harvard.
• The GLX Factor: Proximity to the Magoun or Gilman Sq stops is still driving the highest rental premiums.

The Long Game

In five years, you can move out, rent your unit, and have a fully cash-flowing asset in one of the hottest markets in the US.

[[CTA]] Ready to start your investment journey? Let's look at the best multi-family options in Somerville.