3 Forest St UNIT 3Newton HighlandsMA02461
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Highlands at 3 Forest St UNIT 3, Newton Highlands, MA, 02461 offers $4,792/mo rent that, after a $7,582/mo payment. Total monthly income is $4,792/mo. Return on cash invested measures 8.48% in year one, and rental yield stands at 3.71% at a $1,549,000 entry. Equity gained on principal adds $9,995/yr while 5% annual appreciation compounds into $427,960 by year five. Five-year ROI records 41.63% and total cumulative return in cash reaches $208,907. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,792/mo property income versus a $7,582/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1880
6,851 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02461, Newton Highlands, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,630 (100%) |
| Owner Occupied HU | 1,827 (69.5%) |
| Renter Occupied HU | 676 (25.7%) |
| Vacant Housing Units | 127 ( 4.8%) |
| Median Home Value | $1,330,029 |
| Average Home Value | $1,391,180 |
Housing Distribution
Address Breakdown
Residential
2,796
Single Family
2,414
Multi-Family
382
Businesses
352
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Listed by: Simon Gray • Coldwell Banker Realty - Newton
Mls Name: MLS PIN
Mls ID: #73470110