3 Ashmont AveNewtonMA02458
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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 Newton at 3 Ashmont Ave, Newton, MA, 02458 priced at $1,989,000 converts $6,249/mo rent into after a $9,735/mo obligation. Total monthly income equals $6,249/mo. Return on cash invested prints 8.66% in year one, and rental yield reads 3.77% against a $1,989,000 entry. Equity gained on principal adds $12,835/yr, while 5% annual appreciation compiles into $549,524 by year five. Five-year ROI reaches 42.58% and total cumulative return in cash sums $274,425. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,249/mo property income covering a $9,735/mo payment, not borrower’s personal income.
Single Family
Built in 2025
9,514 sqft lot
$N/A/sqft
No 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: Anya Kogan • Luxury Realty Partners
Mls Name: MLS PIN
Mls ID: #73418095