2 Elm StWellesleyMA02481
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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
Investment property for sale in Wellesley at 2 Elm St, Wellesley, MA, 02481 listed at $1,850,000 pairs $7,020/mo rent with a $9,055/mo payment. Total monthly income runs $7,020/mo. Return on cash invested measures 11.08% in year one, and rental yield registers 4.55% at a $1,850,000 basis. Equity gained on principal adds $11,938/yr, and annual property appreciation at 5% supports $511,121 by year five. Five-year ROI tracks 55.55% and total cumulative return in cash totals $332,965. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,020/mo property income relative to a $9,055/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1885
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02481, Wellesley Hills, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,433 (100%) |
| Owner Occupied HU | 4,198 (77.3%) |
| Renter Occupied HU | 991 (18.2%) |
| Vacant Housing Units | 244 ( 4.5%) |
| Median Home Value | $1,661,576 |
| Average Home Value | $1,639,857 |
Housing Distribution
Address Breakdown
Residential
5,419
Single Family
4,767
Multi-Family
652
Businesses
808
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Listed by: Debbie Adamidis • Keller Williams Realty Boston-Metro | Back Bay
Mls Name: MLS PIN
Mls ID: #73411290