14 Norwalk Acres RdMontereyMA01245
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 14 Norwalk Acres Rd, Monterey, MA, 01245 in Monterey worth modelling. At $480,000 with a 7.91% gross yield, the $3,163/mo rent leaves $138/mo after the $2,158/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.47 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $132,615 by year five; $4,421/yr in principal reduction adds further equity. Total projected return: $191,123.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 5.5% |
| Monthly Cash Flow | $138 | $400 |
City averages based on Monterey market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,163 |
| Total Monthly Debt Service | $2,834 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1960
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01245, Monterey, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 708 (100%) |
| Owner Occupied HU | 320 (45.2%) |
| Renter Occupied HU | 65 ( 9.2%) |
| Vacant Housing Units | 323 (45.6%) |
| Median Home Value | $590,625 |
| Average Home Value | $781,008 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
33
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
Single Family
Built in 1960
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01245, Monterey, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 708 (100%) |
| Owner Occupied HU | 320 (45.2%) |
| Renter Occupied HU | 65 ( 9.2%) |
| Vacant Housing Units | 323 (45.6%) |
| Median Home Value | $590,625 |
| Average Home Value | $781,008 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Dunn • VENTURE REAL ESTATE, INC
Mls Name: BCMLS
Mls ID: #247847