214 Washington St #28NorwellMA02061
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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
Investment property for sale in Norwell at 214 Washington St #28, Norwell, MA, 02061 offers a 8.61% rental yield on a $225,000 purchase with $1,614/mo rent. Total monthly income registers $1,614/mo, and a $1,101/mo payment leaves $196/mo available for distribution. Annual cash flow reaches $2,353/yr on $74,588 to close, and return on cash invested stands at 23.06% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 119.95% and total cumulative return in cash at $89,469. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,614/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02061, Norwell, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,799 (100%) |
| Owner Occupied HU | 3,485 (91.7%) |
| Renter Occupied HU | 204 ( 5.4%) |
| Vacant Housing Units | 110 ( 2.9%) |
| Median Home Value | $881,152 |
| Average Home Value | $952,311 |
Housing Distribution
Address Breakdown
Residential
3,783
Single Family
3,659
Multi-Family
124
Businesses
790
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Listed by: Jonathan Tatro • The Glen
Mls Name: My State MLS
Mls ID: #11549692