23 Cheney StNeedhamMA02494
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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
Rental property for sale in Needham at 23 Cheney St, Needham, MA, 02494 generates $4,606/mo in rent, after a $4,846/mo payment. Total monthly income is $4,606/mo. Return on cash invested sits at 14.04% in year one, and rental yield is 5.58% on a $990,000 entry. Equity gained on principal adds $6,388/yr, while 5% annual appreciation builds toward $273,519 over five years. Five-year ROI reaches 71.48% and total cumulative return in cash sums $232,808. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,606/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
8,276 sqft lot
$N/A/sqft
No 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
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Listed by: The Varano Realty Group • Keller Williams Realty
Mls Name: MLS PIN
Mls ID: #73424875