381 Hunnewell St #381Needham HeightsMA02494
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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 Needham Heights at 381 Hunnewell St #381, Needham Heights, MA, 02494 listed at $625,900 pairs $4,532/mo rent with a $3,063/mo payment to leave $588/mo cash flow. Total monthly income runs $4,532/mo, and annual cash flow reaches $7,050/yr on $205,921 cash to close. Return on cash invested measures 23.48% in year one, and rental yield registers 8.69% at a $625,900 basis. Equity gained on principal adds $4,039/yr, and annual property appreciation at 5% supports $172,925 by year five. Five-year ROI tracks 122.14% and total cumulative return in cash totals $251,515. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,532/mo property income relative to a $3,063/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1897
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02494, Needham Heights, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,424 (100%) |
| Owner Occupied HU | 2,729 (61.7%) |
| Renter Occupied HU | 1,359 (30.7%) |
| Vacant Housing Units | 336 ( 7.6%) |
| Median Home Value | $1,132,830 |
| Average Home Value | $1,231,080 |
Housing Distribution
Address Breakdown
Residential
4,439
Single Family
3,096
Multi-Family
1,343
Businesses
829
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Listed by: Ned Mahoney • eXp Realty
Mls Name: MLS PIN
Mls ID: #73426583