24 Vernon RdMedwayMA02053
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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
Investment property for sale in Medway at 24 Vernon Rd, Medway, MA, 02053 with 5% annual appreciation on a $385,000 basis while $3,830/mo rent supports operations. Total monthly income totals $3,830/mo and a $1,884/mo payment preserves $1,404/mo for cash returns. Annual cash flow comes to $16,845/yr on $127,628 deployed, and return on cash invested reaches 33.11% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,368 alongside rental yield of 11.94%. Five-year ROI measures 173.76% and total cumulative return in cash totals $221,770.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,830/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02053, Medway, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,081 (100%) |
| Owner Occupied HU | 4,082 (80.3%) |
| Renter Occupied HU | 884 (17.4%) |
| Vacant Housing Units | 115 ( 2.3%) |
| Median Home Value | $660,112 |
| Average Home Value | $728,274 |
Housing Distribution
Address Breakdown
Residential
4,901
Single Family
4,579
Multi-Family
322
Businesses
389
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Listed by: Cynthia Owens-Nix • Century 21 The Real Estate Group
Mls Name: MLS PIN
Mls ID: #73421667