301 Neponset St APT 29NorwoodMA02062
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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
Investment property for sale in Norwood at 301 Neponset St APT 29, Norwood, MA, 02062 earns $203/mo cash flow from $2,025/mo rent with a $1,415/mo payment. Total monthly income totals $2,025/mo, and annual cash flow totals $2,436/yr on $95,804 capital. ROI tracks 22.45% on current figures, and rental yield reads 8.41% at a $289,000 purchase. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 over five years. Five-year ROI reaches 116.62% and total cumulative return in cash sums $111,722. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,025/mo property income instead of your personal income.
Condo
Built in 1963
N/A 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: Elias Papadopoulos • RE/MAX Real Estate Center
Mls Name: MLS PIN
Mls ID: #73470903