42 Myrtle StNorwoodMA02062
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Norwood at 42 Myrtle St, Norwood, MA, 02062 priced at $632,200 converts $4,560/mo rent into $576/mo cash flow after a $3,094/mo obligation. Total monthly income equals $4,560/mo, and annual cash flow totals $6,908/yr on $207,994 invested. Return on cash invested prints 23.38% in year one, and rental yield reads 8.66% against a $632,200 entry. Equity gained on principal adds $4,079/yr, while 5% annual appreciation compiles into $174,665 by year five. Five-year ROI reaches 121.59% and total cumulative return in cash sums $252,893. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,560/mo property income covering a $3,094/mo payment, not borrower’s personal income.
Multi Family
Built in 1896
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02062, Norwood, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,892 (100%) |
| Owner Occupied HU | 7,172 (51.6%) |
| Renter Occupied HU | 6,191 (44.6%) |
| Vacant Housing Units | 529 ( 3.8%) |
| Median Home Value | $668,196 |
| Average Home Value | $718,952 |
Housing Distribution
Address Breakdown
Residential
13,130
Single Family
9,957
Multi-Family
3,173
Businesses
1,493
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A