20 Hammond Pond Pkwy APT 18NewtonMA02467
INVESTMENT ANALYSIS
Investment Verdict
Solid Income20 Hammond Pond Pkwy APT 18, Newton, MA, 02467 in Newton is a solid income-producing rental, 8.8% gross yield, $2,898/mo rent, $408/mo net cash flow on a $395,000 buy. DSCR 1.63 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $109,131 and $3,638/yr in principal reduction project a total cumulative return of $176,268.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 5.2% |
| Monthly Cash Flow | $408 | $700 |
City averages based on Newton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,898 |
| Total Monthly Debt Service | $2,332 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02467, Chestnut Hill, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,349 (100%) |
| Owner Occupied HU | 4,325 (58.9%) |
| Renter Occupied HU | 2,313 (31.5%) |
| Vacant Housing Units | 711 ( 9.7%) |
| Median Home Value | $1,542,741 |
| Average Home Value | $1,485,652 |
Housing Distribution
Address Breakdown
Residential
7,093
Single Family
4,453
Multi-Family
2,640
Businesses
505
Nearby investment properties with comparable rents
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
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02467, Chestnut Hill, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,349 (100%) |
| Owner Occupied HU | 4,325 (58.9%) |
| Renter Occupied HU | 2,313 (31.5%) |
| Vacant Housing Units | 711 ( 9.7%) |
| Median Home Value | $1,542,741 |
| Average Home Value | $1,485,652 |
Housing Distribution
Address Breakdown
Residential
7,093
Single Family
4,453
Multi-Family
2,640
Businesses
505
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Martha Rollins • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73422743