16 Frank St, Needham, MA, 02494 | 5.57% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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16 Frank St, Needham, MA, 02494 | 5.57% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Needham at 16 Frank St, Needham, MA, 02494 offers $6,384/mo rent that, after a $6,730/mo payment. Total monthly income is $6,384/mo. Return on cash invested measures 14.22% in year one, and rental yield stands at 5.57% at a $1,375,000 entry. Equity gained on principal adds $8,873/yr while 5% annual appreciation compounds into $379,887 by year five. Five-year ROI records 72.4% and total cumulative return in cash reaches $322,542. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,384/mo property income versus a $6,730/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1963

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

First time on the market! Custom built by a master mason and cherished by one family since 1963, this warm and welcoming 5-bedroom, 3-bathroom home in Needham Heights offers the space, layout, and location todays buyers are looking for. With solid bones and endless potential, its ready for your personal touch to create a home that grows with you. The spacious main level features hardwood floors throughout, a generous living room with fireplace, a sunny 3-season room perfect for play or relaxing, and a flexible first-floor bedroom plus office or nursery with laundry access. The finished basement includes a full bath, oversized family room, and bonus roomideal for hosting, hobbies, or play. Outside, the flat, professionally landscaped yard and oversized patio are ready for backyard BBQs, bikes, basketball, and more. Just minutes to Cricket Field, Eliot School, and commuter routes, this is the kind of home where memories are made.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02494, Needham Heights, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,424 (100%)
Owner Occupied HU	2,729 (61.7%)
Renter Occupied HU	1,359 (30.7%)
Vacant Housing Units	336 ( 7.6%)
Median Home Value	$1,132,830
Average Home Value	$1,231,080