447-449 Hillside AveNeedham HeightsMA02494
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Needham Heights at 447-449 Hillside Ave, Needham Heights, MA, 02494 projects strong ROI of -0.49%. Rental yield 1.03%. With 5% annual appreciation, the property builds $1,132,478 in value over five years. Equity growth combined delivers a projected five-year ROI of 10.33%, translating into $119,641 in total cumulative return on $1,157,968 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1% | 5.0% |
| Monthly Cash Flow | $(22,325) | $800 |
City averages based on Needham Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,510 |
| Total Monthly Debt Service | $24,204 |
| DSCR Ratio | 0.15x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 2026
10,000 sqft 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
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
Multi Family
Built in 2026
10,000 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gregory Keshishyan • Luxury Realty Partners
Mls Name: MLS PIN
Mls ID: #73476112