38 Wetherell StNewtonMA02464
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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 38 Wetherell St, Newton, MA, 02464 generates $4,860/mo in rent, after a $4,645/mo payment. Total monthly income is $4,860/mo. Return on cash invested sits at 15.75% in year one, and rental yield is 6.15% on a $949,000 entry. Equity gained on principal adds $6,124/yr, while 5% annual appreciation builds toward $262,191 over five years. Five-year ROI reaches 80.65% and total cumulative return in cash sums $251,820. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,860/mo property income rather than buyer’s personal income.
Single Family
Built in 1880
8,004 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02464, Newton Upper Falls, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,544 (100%) |
| Owner Occupied HU | 901 (58.4%) |
| Renter Occupied HU | 554 (35.9%) |
| Vacant Housing Units | 89 ( 5.8%) |
| Median Home Value | $970,905 |
| Average Home Value | $1,082,001 |
Housing Distribution
Address Breakdown
Residential
1,288
Single Family
974
Multi-Family
314
Businesses
259
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Listed by: Emily Beal • LAER Realty Partners
Mls Name: MLS PIN
Mls ID: #73408820