46 Washington Park #46NewtonvilleMA02460
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.53% gross rental yield, 46 Washington Park #46, Newtonville, MA, 02460 in Newtonville is priced for capital growth, not immediate cash flow. The $1,499,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $414,146 by year five, with $13,806/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.02) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $405,520.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.5% | 5.0% |
| Monthly Cash Flow | $(3,179) | $1,200 |
City averages based on Newtonville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,905 |
| Total Monthly Debt Service | $8,852 |
| DSCR Ratio | 0.78x |
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.
Condo
Built in 1874
10,032 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02460, Newtonville, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,825 (100%) |
| Owner Occupied HU | 2,230 (58.3%) |
| Renter Occupied HU | 1,378 (36.0%) |
| Vacant Housing Units | 217 ( 5.7%) |
| Median Home Value | $1,228,134 |
| Average Home Value | $1,345,865 |
Housing Distribution
Address Breakdown
Residential
3,834
Single Family
3,092
Multi-Family
742
Businesses
388
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
Condo
Built in 1874
10,032 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02460, Newtonville, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,825 (100%) |
| Owner Occupied HU | 2,230 (58.3%) |
| Renter Occupied HU | 1,378 (36.0%) |
| Vacant Housing Units | 217 ( 5.7%) |
| Median Home Value | $1,228,134 |
| Average Home Value | $1,345,865 |
Housing Distribution
Address Breakdown
Residential
3,834
Single Family
3,092
Multi-Family
742
Businesses
388
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Gordon • Coldwell Banker Realty - Newton
Mls Name: MLS PIN
Mls ID: #73472489