214 Washington St TRLR 24NorwellMA02061
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 214 Washington St TRLR 24, Norwell, MA, 02061 in Norwell worth modelling. At $248,000 with a 8.52% gross yield, the $1,761/mo rent leaves $198/mo after the $1,115/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.58 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $68,518 by year five; $2,284/yr in principal reduction adds further equity. Total projected return: $106,913.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.5% |
| Monthly Cash Flow | $198 | $600 |
City averages based on Norwell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,761 |
| Total Monthly Debt Service | $1,464 |
| DSCR Ratio | 1.20x |
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.
Manufactured
Built in 1997
2,295 Acres 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
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
Manufactured
Built in 1997
2,295 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sheri Bauman-Hoitt • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73454752