1202 Greendale Ave APT 133NeedhamMA02492
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 1202 Greendale Ave APT 133, Needham, MA, 02492 in Needham worth study. Rental yield 5.87%. The 5.87% gross yield is below cash-flow benchmarks at $625,000, but 5% annual appreciation, adding $172,676 over five years, frames this as a capital growth position. Rent of $3,055/mo partially offsets the $2,810/mo payment. Ziffy Mortgage finances appreciation-play properties (1.09 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $180,430.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 5.3% |
| Monthly Cash Flow | $(1,743) | $350 |
City averages based on Needham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,055 |
| Total Monthly Debt Service | $3,691 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02492, Needham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,404 (100%) |
| Owner Occupied HU | 6,183 (83.5%) |
| Renter Occupied HU | 999 (13.5%) |
| Vacant Housing Units | 222 ( 3.0%) |
| Median Home Value | $1,301,007 |
| Average Home Value | $1,338,050 |
Housing Distribution
Address Breakdown
Residential
7,513
Single Family
6,701
Multi-Family
812
Businesses
677
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
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02492, Needham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,404 (100%) |
| Owner Occupied HU | 6,183 (83.5%) |
| Renter Occupied HU | 999 (13.5%) |
| Vacant Housing Units | 222 ( 3.0%) |
| Median Home Value | $1,301,007 |
| Average Home Value | $1,338,050 |
Housing Distribution
Address Breakdown
Residential
7,513
Single Family
6,701
Multi-Family
812
Businesses
677
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard C. Dore • Hammond Residential Real Estate
Mls Name: MLS PIN
Mls ID: #73468445