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Home Massachusetts Somerville Apartments

Somerville 5 beds 2 baths Porter Square - $6,000

Available: 09-01-2024
16 Photos
$6,000/mo
5 Beds
2 Baths
Available: 09/01/2024
Porter Square, Somerville, MA
243 Summer St, Somerville, MA 02144
Listing courtesy of Tony Madan, Boston Investments

Amenities & Apartment Information

Unit

Pet Friendly
Granite Countertops
Stainless Steel Appliances

Property Description

Very Spacious 5BR/2bath unit. Newly renovated kitchen with stainless appliances w/ DW, range hood and granite countertops. Hardwood floors throughout. 4 large bedrooms with smaller 5th BR/office space. 1BR w/ private front porch area. Cozy living room. Private 3 season back porch. Tons of natural light and lots of space. Shared yard w/ newly installed artificial grass. FREE laundry in basement. 7 min walk Porter Sq., 10 min to Davis. *Lease ending 8/31 of any year. Unit is occupied. 1 parking space incl. in asking price. Bring Offers! (Current residents have a lot of stuff, slightly cluttered atm)

Price Comparison

This apartment is above the average price of $5,478 for 5 bedroom apartments in Somerville. The unit includes some utilities. If you consider the cost of paying for these utilities separately, you may find that having them included in the rent saves you money. The other amenities this apartment offers, along with its condition, location, and size, can also contribute to the above average rent price. Reach out to our agent to schedule a showing or request a rental application.

Average Rent Prices for 5 Bedroom Apartments in Somerville

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:

$218,182 - $288,000

You + 4 Roommates, Each:

$48,000 - $57,600
A range of 25-30% is usually the recommended amount of household or combined gross income to spend on rent. This is also what many landlords are looking for in a prospective tenant, a group of roommates, or their cosigner(s). Remember, this is just a suggestion and does not take into account any other expenses you may have.

Rent Calculator

How much do you (or your cosigner) earn each year before taxes?

High Range

35% of Gross Income

$8,400

View Apartments

Mid Range

25% of Gross Income

$6,000

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Low Range

15% of Gross Income

$3,600

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Have You Considered Buying
Your Own Home?

Instead of paying $6,000/mo in rent, these homes may have a similar monthly mortgage.

This is an estimate based on a 30-year fixed-rate mortgage at 7.242% interest, 20% down payment, $120/mo homeowners insurance, and the average property tax rate of 10.90 in the Boston area. Actual interest rates, property taxes, and homeowners insurance will vary. Does not include additional expenses or fees such as closing costs, PMI, or HOA fees. Buyers must complete their own due diligence based on current market conditions.