332 Hillcrest RdNeedhamMA02492
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 Needham at 332 Hillcrest Rd, Needham, MA, 02492 offers $6,098/mo rent that, after a $6,358/mo payment. Total monthly income is $6,098/mo. Return on cash invested measures 14.41% in year one, and rental yield stands at 5.63% at a $1,299,000 entry. Equity gained on principal adds $8,382/yr while 5% annual appreciation compounds into $358,890 by year five. Five-year ROI records 73.42% and total cumulative return in cash reaches $309,013. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,098/mo property income versus a $6,358/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
10,280 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02492, Needham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,404 (100%) |
| Owner Occupied HU | 6,183 (83.5%) |
| Renter Occupied HU | 999 (13.5%) |
| Vacant Housing Units | 222 ( 3.0%) |
| Median Home Value | $1,301,007 |
| Average Home Value | $1,338,050 |
Housing Distribution
Address Breakdown
Residential
7,513
Single Family
6,701
Multi-Family
812
Businesses
677
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Nearby investment properties with comparable prices
Listed by: Gloria Conviser • Keller Williams Realty
Mls Name: MLS PIN
Mls ID: #73446528