44 Faxon St #2NewtonMA02458
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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 Newton at 44 Faxon St #2, Newton, MA, 02458 with 5% annual appreciation on a $650,000 basis while $5,581/mo rent supports operations. Total monthly income totals $5,581/mo and a $3,181/mo payment preserves $1,485/mo for cash returns. Annual cash flow comes to $17,815/yr on $213,850 deployed, and return on cash invested reaches 28.39% in year one. Equity gained on principal adds $4,194/yr, and five-year appreciation sums $179,583 alongside rental yield of 10.3%. Five-year ROI measures 148.45% and total cumulative return in cash totals $317,450.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,581/mo property income versus a $3,181/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1881
10,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02458, Newton, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,609 (100%) |
| Owner Occupied HU | 2,853 (50.9%) |
| Renter Occupied HU | 2,349 (41.9%) |
| Vacant Housing Units | 407 ( 7.3%) |
| Median Home Value | $1,219,833 |
| Average Home Value | $1,320,207 |
Housing Distribution
Address Breakdown
Residential
5,236
Single Family
4,490
Multi-Family
746
Businesses
528
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Listed by: Jayne Kramer • Engel & Volkers Boston
Mls Name: MLS PIN
Mls ID: #73461882