22 Walnut Pl FLOOR 1NewtonMA02460
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
Investment Highlights
Rental property for sale in Newton at 22 Walnut Pl FLOOR 1, Newton, MA, 02460 generates $3,994/mo in rent, after a $3,372/mo payment. Total monthly income is $3,994/mo. Return on cash invested sits at 18.22% in year one, and rental yield is 6.96% on a $689,000 entry. Equity gained on principal adds $4,446/yr, while 5% annual appreciation builds toward $190,358 over five years. Five-year ROI reaches 93.88% and total cumulative return in cash sums $212,802. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,994/mo property income rather than buyer’s personal income.
Condo
Built in 1870
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02460, Newtonville, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,825 (100%) |
| Owner Occupied HU | 2,230 (58.3%) |
| Renter Occupied HU | 1,378 (36.0%) |
| Vacant Housing Units | 217 ( 5.7%) |
| Median Home Value | $1,228,134 |
| Average Home Value | $1,345,865 |
Housing Distribution
Address Breakdown
Residential
3,834
Single Family
3,092
Multi-Family
742
Businesses
388
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Brasco • Century 21 Shawmut Properties
Mls Name: MLS PIN
Mls ID: #73439019