22 Greendale Ave #22Needham HeightsMA02494
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 22 Greendale Ave #22, Needham Heights, MA, 02494 in Needham Heights worth study. Rental yield 4.31%. The 4.31% gross yield is below cash-flow benchmarks at $1,462,500, but 5% annual appreciation, adding $404,062 over five years, frames this as a capital growth position. Rent of $5,256/mo partially offsets the $6,576/mo payment. Ziffy Mortgage finances appreciation-play properties (0.80 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $262,855.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 5.0% |
| Monthly Cash Flow | $(4,587) | $800 |
City averages based on Needham Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,256 |
| Total Monthly Debt Service | $9,261 |
| DSCR Ratio | 0.57x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Townhouse
Built in 1997
N/A lot
$N/A/sqft
$625 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02494, Needham Heights, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,424 (100%) |
| Owner Occupied HU | 2,729 (61.7%) |
| Renter Occupied HU | 1,359 (30.7%) |
| Vacant Housing Units | 336 ( 7.6%) |
| Median Home Value | $1,132,830 |
| Average Home Value | $1,231,080 |
Housing Distribution
Address Breakdown
Residential
4,439
Single Family
3,096
Multi-Family
1,343
Businesses
829
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
Townhouse
Built in 1997
N/A lot
$N/A/sqft
$625 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02494, Needham Heights, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,424 (100%) |
| Owner Occupied HU | 2,729 (61.7%) |
| Renter Occupied HU | 1,359 (30.7%) |
| Vacant Housing Units | 336 ( 7.6%) |
| Median Home Value | $1,132,830 |
| Average Home Value | $1,231,080 |
Housing Distribution
Address Breakdown
Residential
4,439
Single Family
3,096
Multi-Family
1,343
Businesses
829
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrick Geraghty • Berkshire Hathaway HomeServices Commonwealth Real Estate
Mls Name: MLS PIN
Mls ID: #73374441
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