11 Elliot Mls #11, Norfolk, MA, 02056 | 4.07% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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11 Elliot Mls #11, Norfolk, MA, 02056 | 4.07% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,880/mo, and a $4,160/mo payment. Purchase price stands at $849,900, and rental yield measures 4.07% with $2,880/mo rent. Return on cash invested shows 9.43% in year one, and 5% annual appreciation builds toward $234,812 over five years. Five-year ROI reaches 46.78% and total cumulative return in cash records $130,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $4,160/mo payment rather than investor’s personal income.

Condo

Built in 2026

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Waites Crossing. This detached 2,300+, 2 car garage condominium features that primary suite on the first floor complete with double vanity, tiled shower and walk in closet. The heart of the home has an eat at island adjacent to a spacious family room with access to your private outdoor space. The first floor also showcases a beautiful dining room with an abundance of windows, a guest powder room and a generous size laundry. The second floor has an additional large bedroom, a full bath and a loft for work from home office, an additional den, or exercise area. The options are endless for this space. Beautiful finishes and generous builder allowances. Schedule your visit and start customizing your new home. Benefit from accessibility to conveniences and a bucolic setting.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02056, Norfolk, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,671 (100%)
Owner Occupied HU	3,372 (91.9%)
Renter Occupied HU	224 ( 6.1%)
Vacant Housing Units	75 ( 2.0%)
Median Home Value	$761,786
Average Home Value	$779,264