244 California St #CNewtonMA02458
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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 244 California St #C, Newton, MA, 02458 offers $5,512/mo rent that, after a $4,821/mo payment. Total monthly income is $5,512/mo. Return on cash invested measures 16.37% in year one, and rental yield stands at 6.72% at a $985,000 entry. Equity gained on principal adds $6,356/yr while 5% annual appreciation compounds into $272,137 by year five. Five-year ROI records 84.39% and total cumulative return in cash reaches $273,466. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,512/mo property income versus a $4,821/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2010
7,200 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02458, Newton, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,609 (100%) |
| Owner Occupied HU | 2,853 (50.9%) |
| Renter Occupied HU | 2,349 (41.9%) |
| Vacant Housing Units | 407 ( 7.3%) |
| Median Home Value | $1,219,833 |
| Average Home Value | $1,320,207 |
Housing Distribution
Address Breakdown
Residential
5,236
Single Family
4,490
Multi-Family
746
Businesses
528
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Listed by: Chris Vietor Homes • eXp Realty
Mls Name: MLS PIN
Mls ID: #73353681
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