243 Hunting RdNeedhamMA02494
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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 243 Hunting Rd, Needham, MA, 02494 priced at $1,299,750 converts $4,099/mo rent into after a $6,362/mo obligation. Total monthly income equals $4,099/mo. Return on cash invested prints 8.71% in year one, and rental yield reads 3.78% against a $1,299,750 entry. Equity gained on principal adds $8,387/yr, while 5% annual appreciation compiles into $359,097 by year five. Five-year ROI reaches 42.82% and total cumulative return in cash sums $180,321. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,099/mo property income covering a $6,362/mo payment, not borrower’s personal income.
Single Family
Built in 1958
10,106 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: Acone & Company Team • Darwin Associates
Mls Name: MLS PIN
Mls ID: #73428073