14 Essex StNorfolkMA02056
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 Norfolk at 14 Essex St, Norfolk, MA, 02056 offers $4,727/mo rent that, after a $7,464/mo payment. Total monthly income is $4,727/mo. Return on cash invested measures 8.51% in year one, and rental yield stands at 3.72% at a $1,524,900 entry. Equity gained on principal adds $9,840/yr while 5% annual appreciation compounds into $421,302 by year five. Five-year ROI records 41.75% and total cumulative return in cash reaches $206,273. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,727/mo property income versus a $7,464/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.92 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,684
Single Family
3,621
Multi-Family
63
Businesses
265
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Nearby investment properties with comparable prices
Listed by: Richard Carlo • Conway - Walpole
Mls Name: MLS PIN
Mls ID: #73417305