3 Gilberts WayNortonMA02766
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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 Norton at 3 Gilberts Way, Norton, MA, 02766 priced at $979,000 converts $4,651/mo rent into after a $4,792/mo obligation. Total monthly income equals $4,651/mo. Return on cash invested prints 14.4% in year one, and rental yield reads 5.7% against a $979,000 entry. Equity gained on principal adds $6,317/yr, while 5% annual appreciation compiles into $270,480 by year five. Five-year ROI reaches 73.41% and total cumulative return in cash sums $236,458. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,651/mo property income covering a $4,792/mo payment, not borrower’s personal income.
Single Family
Built in 2001
12.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02766, Norton, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,028 (100%) |
| Owner Occupied HU | 5,688 (80.9%) |
| Renter Occupied HU | 1,147 (16.3%) |
| Vacant Housing Units | 193 ( 2.7%) |
| Median Home Value | $595,323 |
| Average Home Value | $613,839 |
Housing Distribution
Address Breakdown
Residential
6,723
Single Family
5,716
Multi-Family
1,007
Businesses
416
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Listed by: Julie Etter Team • Berkshire Hathaway HomeServices Evolution Properties
Mls Name: MLS PIN
Mls ID: #73437263