187 Saint Mary StNeedhamMA02494
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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 Needham at 187 Saint Mary St, Needham, MA, 02494 priced at $899,999 pairs $4,984/mo rent with after a $4,405/mo payment. Total monthly income equals $4,984/mo. Return on cash invested is 17.27% in year one, and rental yield stands at 6.65% on a $899,999 basis. Equity gained on principal adds $5,808/yr, and 5% annual appreciation accumulates to $248,653 by year five. Five-year ROI measures 88.81% and total cumulative return in cash reaches $262,955. For financing, Ziffy Mortgage’s DSCR program evaluates $4,984/mo property income against a $4,405/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1880
4,792 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,439
Single Family
3,096
Multi-Family
1,343
Businesses
829
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Listed by: The WP Group • Smith and Oak Real Estate Co.
Mls Name: MLS PIN
Mls ID: #73462717