198 Dedham StNewtonMA02461
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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
Investment Highlights
Rental property for sale in Newton at 198 Dedham St, Newton, MA, 02461 priced at $1,099,000 pairs $5,024/mo rent with after a $5,379/mo payment. Total monthly income equals $5,024/mo. Return on cash invested is 13.96% in year one, and rental yield stands at 5.49% on a $1,099,000 basis. Equity gained on principal adds $7,092/yr, and 5% annual appreciation accumulates to $303,633 by year five. Five-year ROI measures 70.99% and total cumulative return in cash reaches $252,774. For financing, Ziffy Mortgage’s DSCR program evaluates $5,024/mo property income against a $5,379/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02461, Newton Highlands, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,630 (100%) |
| Owner Occupied HU | 1,827 (69.5%) |
| Renter Occupied HU | 676 (25.7%) |
| Vacant Housing Units | 127 ( 4.8%) |
| Median Home Value | $1,330,029 |
| Average Home Value | $1,391,180 |
Housing Distribution
Address Breakdown
Residential
2,796
Single Family
2,414
Multi-Family
382
Businesses
352
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Nearby investment properties with comparable prices
Listed by: Liz Mintz • Hammond Residential Real Estate
Mls Name: MLS PIN
Mls ID: #73424389