51 Pettee St APT 36NewtonMA02464
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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 51 Pettee St APT 36, Newton, MA, 02464 uses $149,175 cash to close to unlock $3,519/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $3,130/mo, and a $2,203/mo payment keeps the spread at $293/mo. Purchase price stands at $450,000, and rental yield measures 8.35% with $3,130/mo rent. Return on cash invested shows 22.27% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 115.66% and total cumulative return in cash records $172,542. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,130/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Condo
Built in 1984
1.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02464, Newton Upper Falls, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,544 (100%) |
| Owner Occupied HU | 901 (58.4%) |
| Renter Occupied HU | 554 (35.9%) |
| Vacant Housing Units | 89 ( 5.8%) |
| Median Home Value | $970,905 |
| Average Home Value | $1,082,001 |
Housing Distribution
Address Breakdown
Residential
1,288
Single Family
974
Multi-Family
314
Businesses
259
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Listed by: Richard C. Dore • Hammond Residential Real Estate
Mls Name: MLS PIN
Mls ID: #73420708