361 High Rock St, Needham, MA, 02492 | 4.34% Rental Yield

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361 High Rock St, Needham, MA, 02492 | 4.34% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Needham at 361 High Rock St, Needham, MA, 02492 generates $6,852/mo in rent, after a $9,275/mo payment. Total monthly income is $6,852/mo. Return on cash invested sits at 10.42% in year one, and rental yield is 4.34% on a $1,895,000 entry. Equity gained on principal adds $12,228/yr, while 5% annual appreciation builds toward $523,554 over five years. Five-year ROI reaches 52.01% and total cumulative return in cash sums $319,301. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,852/mo property income rather than buyer’s personal income.

Single Family

Built in 2004

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautiful 4-bedroom, 2.5-bath Colonial set on a large, level lot surrounded by mature landscaping. This timeless home offers high ceilings, rich hardwood floors, and fine details throughout. The open-concept kitchen and family room create a perfect gathering space, featuring a fireplace, stone countertops, island and upgraded stainless steel appliances, including an induction range and a wine chiller. The formal dining room and living room featuring crown molding, provide elegant yet comfortable areas for entertaining. Upstairs are 4 beds and 2 baths. A convenient back staircase leads to a bright bonus room ideal for a home office or playroom. The walk-up attic and walk-out lower level with slider, offer exceptional expansion potential to make this home your own. Enjoy the charm of classic architecture paired with modern updates all in a sought-after neighborhood close to top-rated schools, downtown shops and restaurants, major routes, and public transportation.

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