34 Palmer RdNewtonMA02468
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 34 Palmer Rd, Newton, MA, 02468 listed at $1,499,000 pairs $6,278/mo rent with a $7,337/mo payment. Total monthly income runs $6,278/mo. Return on cash invested measures 12.54% in year one, and rental yield registers 5.03% at a $1,499,000 basis. Equity gained on principal adds $9,673/yr, and annual property appreciation at 5% supports $414,146 by year five. Five-year ROI tracks 63.36% and total cumulative return in cash totals $307,737. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,278/mo property income relative to a $7,337/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1931
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02468, Waban, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,032 (100%) |
| Owner Occupied HU | 1,720 (84.6%) |
| Renter Occupied HU | 253 (12.5%) |
| Vacant Housing Units | 59 ( 2.9%) |
| Median Home Value | $1,636,146 |
| Average Home Value | $1,624,507 |
Housing Distribution
Address Breakdown
Residential
1,961
Single Family
1,918
Multi-Family
43
Businesses
111
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Listed by: Cheryll Getman • Hammond Residential Real Estate
Mls Name: MLS PIN
Mls ID: #73428658