215 Lake Ave, Newton, MA, 02461 | Equity Gain $31,587/yr

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newton at 215 Lake Ave, Newton, MA, 02461 projects strong ROI of 0.34%. Rental yield 1.07%. With 5% annual appreciation, the property builds $1,352,398 in value over five years. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.

Single Family

Built in 1940

10,459 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 02461, Newton Highlands, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,630 (100%)
Owner Occupied HU	1,827 (69.5%)
Renter Occupied HU	676 (25.7%)
Vacant Housing Units	127 ( 4.8%)
Median Home Value	$1,330,029
Average Home Value	$1,391,180