28 Monroe StNorwoodMA02062
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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 Norwood at 28 Monroe St, Norwood, MA, 02062 priced at $699,000 converts $4,764/mo rent into $359/mo cash flow after a $3,421/mo obligation. Total monthly income equals $4,764/mo, and annual cash flow totals $4,303/yr on $229,971 invested. Return on cash invested prints 21.93% in year one, and rental yield reads 8.18% against a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation compiles into $193,121 by year five. Five-year ROI reaches 113.81% and total cumulative return in cash sums $261,722. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,764/mo property income covering a $3,421/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
6,075 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02062, Norwood, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,892 (100%) |
| Owner Occupied HU | 7,172 (51.6%) |
| Renter Occupied HU | 6,191 (44.6%) |
| Vacant Housing Units | 529 ( 3.8%) |
| Median Home Value | $668,196 |
| Average Home Value | $718,952 |
Housing Distribution
Address Breakdown
Residential
13,130
Single Family
9,957
Multi-Family
3,173
Businesses
1,493
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Listed by: Denise Papagno • Coldwell Banker Realty - Easton
Mls Name: MLS PIN
Mls ID: #73404399