14 Florence AveNorwoodMA02062
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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
Rental property for sale in Norwood at 14 Florence Ave, Norwood, MA, 02062 offers $4,838/mo rent that, after a $4,361/mo payment. Total monthly income is $4,838/mo. Return on cash invested measures 16.88% in year one, and rental yield stands at 6.52% at a $890,900 entry. Equity gained on principal adds $5,749/yr while 5% annual appreciation compounds into $246,139 by year five. Five-year ROI records 86.7% and total cumulative return in cash reaches $254,135. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,838/mo property income versus a $4,361/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
9,197 sqft 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
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Listed by: Michael Smith • Michael Smith Real Estate
Mls Name: MLS PIN
Mls ID: #73468951