71 Richardson AveNortonMA02766
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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 Norton at 71 Richardson Ave, Norton, MA, 02766 listed at $639,900 pairs $3,814/mo rent with a $3,132/mo payment. Total monthly income runs $3,814/mo. Return on cash invested measures 18.81% in year one, and rental yield registers 7.15% at a $639,900 basis. Equity gained on principal adds $4,129/yr, and annual property appreciation at 5% supports $176,793 by year five. Five-year ROI tracks 97.07% and total cumulative return in cash totals $204,359. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,814/mo property income relative to a $3,132/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1986
2.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02766, Norton, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,028 (100%) |
| Owner Occupied HU | 5,688 (80.9%) |
| Renter Occupied HU | 1,147 (16.3%) |
| Vacant Housing Units | 193 ( 2.7%) |
| Median Home Value | $595,323 |
| Average Home Value | $613,839 |
Housing Distribution
Address Breakdown
Residential
6,723
Single Family
5,716
Multi-Family
1,007
Businesses
416
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Listed by: Dennis Leandres • RE/MAX Real Estate Center
Mls Name: MLS PIN
Mls ID: #73462523