287 High Rock StNeedhamMA02492
Nearby investment properties with comparable rents
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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 287 High Rock St, Needham, MA, 02492 offers $5,182/mo rent that, after a $5,384/mo payment. Total monthly income is $5,182/mo. Return on cash invested measures 14.47% in year one, and rental yield stands at 5.65% at a $1,100,000 entry. Equity gained on principal adds $7,098/yr while 5% annual appreciation compounds into $303,910 by year five. Five-year ROI records 73.74% and total cumulative return in cash reaches $262,819. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,182/mo property income versus a $5,384/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02492, Needham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,404 (100%) |
| Owner Occupied HU | 6,183 (83.5%) |
| Renter Occupied HU | 999 (13.5%) |
| Vacant Housing Units | 222 ( 3.0%) |
| Median Home Value | $1,301,007 |
| Average Home Value | $1,338,050 |
Housing Distribution
Address Breakdown
Residential
7,513
Single Family
6,701
Multi-Family
812
Businesses
677
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Listed by: Pamela Condon • Louise Condon Realty
Mls Name: MLS PIN
Mls ID: #73436016