611 Watertown St APT 14, Newton, MA, 02460 | $740/mo Cash Flow

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611 Watertown St APT 14, Newton, MA, 02460 | $740/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newton at 611 Watertown St APT 14, Newton, MA, 02460 listed at $605,000 pairs $4,553/mo rent with a $2,961/mo payment to leave $740/mo cash flow. Total monthly income runs $4,553/mo, and annual cash flow reaches $8,880/yr on $199,045 cash to close. Return on cash invested measures 24.52% in year one, and rental yield registers 9.03% at a $605,000 basis. Equity gained on principal adds $3,904/yr, and annual property appreciation at 5% supports $167,150 by year five. Five-year ROI tracks 127.68% and total cumulative return in cash totals $254,146. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,553/mo property income relative to a $2,961/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1977

1.87 Acres lot

$N/A/sqft

No HOA

More details about the property

Exceptional starter home or investment property in Newton! This upper level, spacious 2 bedroom, 2 full bath condo features an open-concept living and dining area that opens to a private balcony. The generous sized bedrooms boast ample closet space and an en-suite primary. Freshly painted throughout, with updated lighting, this well maintained condo conveniently comes with 2 deeded parking spaces, extra storage space in the basement and on-site laundry. Enjoy a prime location with direct access to the MBTA, Mass Pike, as well as Newton's premier shopping, dining, entertainment and top rated schools.

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