28 Grove StNorfolkMA02056
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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 Norfolk at 28 Grove St, Norfolk, MA, 02056 with 5% annual appreciation on a $775,000 basis while $5,365/mo rent supports operations. Total monthly income totals $5,365/mo and a $3,793/mo payment preserves $481/mo for cash returns. Annual cash flow comes to $5,766/yr on $254,975 deployed, and return on cash invested reaches 22.32% in year one. Equity gained on principal adds $5,001/yr, and five-year appreciation sums $214,118 alongside rental yield of 8.31%. Five-year ROI measures 115.9% and total cumulative return in cash totals $295,507.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,365/mo property income versus a $3,793/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02056, Norfolk, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,671 (100%) |
| Owner Occupied HU | 3,372 (91.9%) |
| Renter Occupied HU | 224 ( 6.1%) |
| Vacant Housing Units | 75 ( 2.0%) |
| Median Home Value | $761,786 |
| Average Home Value | $779,264 |
Housing Distribution
Address Breakdown
Residential
3,684
Single Family
3,621
Multi-Family
63
Businesses
265
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Listed by: Juli Ford Group • eXp Realty
Mls Name: MLS PIN
Mls ID: #73414682