135 Cottage St FLOOR 2NorwoodMA02062
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 Norwood at 135 Cottage St FLOOR 2, Norwood, MA, 02062 generates $3,635/mo in rent and, after a $2,080/mo payment, leaves $956/mo in cash flow. Total monthly income is $3,635/mo, and annual cash flow is $11,478/yr on $140,888 invested. Return on cash invested sits at 28.06% in year one, and rental yield is 10.26% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 146.68% and total cumulative return in cash sums $206,657. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,635/mo property income rather than buyer’s personal income.
Condo
Built in 1927
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02062, Norwood, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,892 (100%) |
| Owner Occupied HU | 7,172 (51.6%) |
| Renter Occupied HU | 6,191 (44.6%) |
| Vacant Housing Units | 529 ( 3.8%) |
| Median Home Value | $668,196 |
| Average Home Value | $718,952 |
Housing Distribution
Address Breakdown
Residential
13,130
Single Family
9,957
Multi-Family
3,173
Businesses
1,493
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Mora • Keller Williams Realty-Merrimack
Mls Name: MLS PIN
Mls ID: #73468186