371 Cherry StNewtonMA02465
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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
Rental property for sale in Newton at 371 Cherry St, Newton, MA, 02465 priced at $1,599,000 converts $4,403/mo rent into after a $7,826/mo obligation. Total monthly income equals $4,403/mo. Return on cash invested prints 7.23% in year one, and rental yield reads 3.3% against a $1,599,000 entry. Equity gained on principal adds $10,318/yr, while 5% annual appreciation compiles into $441,774 by year five. Five-year ROI reaches 34.89% and total cumulative return in cash sums $180,745. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,403/mo property income covering a $7,826/mo payment, not borrower’s personal income.
Multi Family
Built in 1880
8,810 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02465, West Newton, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,497 (100%) |
| Owner Occupied HU | 3,180 (70.7%) |
| Renter Occupied HU | 1,158 (25.8%) |
| Vacant Housing Units | 159 ( 3.5%) |
| Median Home Value | $1,222,628 |
| Average Home Value | $1,326,653 |
Housing Distribution
Address Breakdown
Residential
4,519
Single Family
4,340
Multi-Family
179
Businesses
311
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Listed by: David SY Li • Phoenix Real Estate Partners, LLC
Mls Name: MLS PIN
Mls ID: #73437218