1204 Greendale Ave APT 128NeedhamMA02492
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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
Investment Highlights
Investment property for sale in Needham at 1204 Greendale Ave APT 128, Needham, MA, 02492 offers a 9.49% rental yield on a $499,000 purchase with $3,947/mo rent. Total monthly income registers $3,947/mo, and a $2,442/mo payment leaves $802/mo available for distribution. Annual cash flow reaches $9,627/yr on $165,419 to close, and return on cash invested stands at 25.73% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 134.21% and total cumulative return in cash at $222,006. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,947/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Pamela Condon • Louise Condon Realty
Mls Name: MLS PIN
Mls ID: #73412357