103 King Philip RdNortonMA02766
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Norton at 103 King Philip Rd, Norton, MA, 02766 offers $2,803/mo rent that, after a $2,055/mo payment, leaves $157/mo cash flow. Total monthly income is $2,803/mo, and annual cash flow is $1,880/yr on $139,197 cash. Return on cash invested measures 21.26% in year one, and rental yield stands at 8.01% at a $419,900 entry. Equity gained on principal adds $2,710/yr while 5% annual appreciation compounds into $116,011 by year five. Five-year ROI records 110.24% and total cumulative return in cash reaches $153,456. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,803/mo property income versus a $2,055/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
9,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02766, Norton, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,028 (100%) |
| Owner Occupied HU | 5,688 (80.9%) |
| Renter Occupied HU | 1,147 (16.3%) |
| Vacant Housing Units | 193 ( 2.7%) |
| Median Home Value | $595,323 |
| Average Home Value | $613,839 |
Housing Distribution
Address Breakdown
Residential
6,723
Single Family
5,716
Multi-Family
1,007
Businesses
416
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barbara Martin • Rich Real Estate
Mls Name: MLS PIN
Mls ID: #73462011