17 Deforest RdNewtonMA02462
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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 Newton at 17 Deforest Rd, Newton, MA, 02462 offers $4,649/mo rent that, after a $6,485/mo payment. Total monthly income is $4,649/mo. Return on cash invested measures 10.02% in year one, and rental yield stands at 4.21% at a $1,324,999 entry. Equity gained on principal adds $8,550/yr while 5% annual appreciation compounds into $366,073 by year five. Five-year ROI records 49.87% and total cumulative return in cash reaches $214,096. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,649/mo property income versus a $6,485/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02462, Newton Lower Falls, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 563 (100%) |
| Owner Occupied HU | 366 (65.0%) |
| Renter Occupied HU | 168 (29.8%) |
| Vacant Housing Units | 29 ( 5.2%) |
| Median Home Value | $1,369,048 |
| Average Home Value | $1,441,598 |
Housing Distribution
Address Breakdown
Residential
621
Single Family
399
Multi-Family
222
Businesses
164
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Listed by: Joseph Pollack • Redfin Corp.
Mls Name: MLS PIN
Mls ID: #73420507