28 Mercer 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
Investment property for sale in Needham at 28 Mercer Rd, Needham, MA, 02494 with 5% annual appreciation on a $1,898,000 basis while $5,615/mo rent supports operations. 98% in year one. Equity gained on principal adds $12,247/yr, and five-year appreciation sums $524,382 alongside rental yield of 3.55%. Five-year ROI measures 38.94% and total cumulative return in cash totals $239,435. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,615/mo property income versus a $9,290/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1941
7,405 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: Carina Bittar-Doyle • William Raveis R. E. & Home Services
Mls Name: MLS PIN
Mls ID: #73438131