213 Garden St UNIT 213NeedhamMA02492
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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 213 Garden St UNIT 213, Needham, MA, 02492 generates $5,400/mo in rent, after a $6,652/mo payment. Total monthly income is $5,400/mo. Return on cash invested sits at 11.74% in year one, and rental yield is 4.77% on a $1,359,000 entry. Equity gained on principal adds $8,769/yr, while 5% annual appreciation builds toward $375,467 over five years. Five-year ROI reaches 59.11% and total cumulative return in cash sums $260,267. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,400/mo property income rather than buyer’s personal income.
Townhouse
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02492, Needham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,404 (100%) |
| Owner Occupied HU | 6,183 (83.5%) |
| Renter Occupied HU | 999 (13.5%) |
| Vacant Housing Units | 222 ( 3.0%) |
| Median Home Value | $1,301,007 |
| Average Home Value | $1,338,050 |
Housing Distribution
Address Breakdown
Residential
7,513
Single Family
6,701
Multi-Family
812
Businesses
677
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Listed by: Maureen S. Steverman • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73424842