73 Charlesbank Rd APT 105, Newton, MA, 02458 | $533/mo Cash Flow

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73 Charlesbank Rd APT 105, Newton, MA, 02458 | $533/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 73 Charlesbank Rd APT 105, Newton, MA, 02458 listed at $429,900 pairs $3,242/mo rent with a $2,104/mo payment to leave $533/mo cash flow. Total monthly income runs $3,242/mo, and annual cash flow reaches $6,391/yr on $142,512 cash to close. Return on cash invested measures 24.39% in year one, and rental yield registers 9.05% at a $429,900 basis. Equity gained on principal adds $2,774/yr, and annual property appreciation at 5% supports $118,773 by year five. Five-year ROI tracks 127.03% and total cumulative return in cash totals $181,039. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,242/mo property income relative to a $2,104/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1965

0.56 Acres lot

$N/A/sqft

No HOA

More details about the property

Affordable 2-bed, 1.5-bath condo in highly desirable Newton Corner. This nearly 1,000 sq ft home offers a smart layout with open living/dining space, w/ laminate flooring. The galley style kitchen has granite countertops, wood cabinets and full appliance package. Both bedrooms are spacious, with vinyl plank flooring; the primary featuring an en-suite half bath. The unit was just freshly painted and includes wall AC, private storage, and one assigned off-street parking space. Heat and hot water are included in the fee. Enjoy shared outdoor space and on-site laundry. Located near the Charles River Greenway, enjoy all the various riverside activities. Short distance to Commuter Rail, Whole Foods, Express Bus to Boston, Mass Pike, and just minutes to shops, restaurants, and area conveniences in Newton Corner and Watertown. It doesn't get any more convenient, call for a private showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 02458, Newton, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,609 (100%)
Owner Occupied HU	2,853 (50.9%)
Renter Occupied HU	2,349 (41.9%)
Vacant Housing Units	407 ( 7.3%)
Median Home Value	$1,219,833
Average Home Value	$1,320,207