38 S Washington StNortonMA02766
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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
Investment property for sale in Norton at 38 S Washington St, Norton, MA, 02766 uses $162,402 cash to close to unlock $1,105/yr annual cash flow and $92/mo monthly cash flow. Total monthly income runs $3,180/mo, and a $2,398/mo payment keeps the spread at $92/mo. Purchase price stands at $489,900, and rental yield measures 7.79% with $3,180/mo rent. Return on cash invested shows 20.59% in year one, and 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 106.66% and total cumulative return in cash records $173,213. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,180/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 1965
2.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02766, Norton, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,028 (100%) |
| Owner Occupied HU | 5,688 (80.9%) |
| Renter Occupied HU | 1,147 (16.3%) |
| Vacant Housing Units | 193 ( 2.7%) |
| Median Home Value | $595,323 |
| Average Home Value | $613,839 |
Housing Distribution
Address Breakdown
Residential
6,723
Single Family
5,716
Multi-Family
1,007
Businesses
416
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Listed by: Kathy Portway • Keller Williams Elite
Mls Name: MLS PIN
Mls ID: #73447836