331 Elliot StNewtonMA02464
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
Investment property for sale in Newton at 331 Elliot St, Newton, MA, 02464 with 5% annual appreciation on a $495,400 basis while $3,960/mo rent supports operations. Total monthly income totals $3,960/mo and a $2,425/mo payment preserves $837/mo for cash returns. Annual cash flow comes to $10,048/yr on $164,225 deployed, and return on cash invested reaches 26.03% in year one. Equity gained on principal adds $3,197/yr, and five-year appreciation sums $136,870 alongside rental yield of 9.59%. Five-year ROI measures 135.82% and total cumulative return in cash totals $223,048.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,960/mo property income versus a $2,425/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1825
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02464, Newton Upper Falls, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,544 (100%) |
| Owner Occupied HU | 901 (58.4%) |
| Renter Occupied HU | 554 (35.9%) |
| Vacant Housing Units | 89 ( 5.8%) |
| Median Home Value | $970,905 |
| Average Home Value | $1,082,001 |
Housing Distribution
Address Breakdown
Residential
1,288
Single Family
974
Multi-Family
314
Businesses
259
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A