73 Walnut St APT 6NewtonMA02460
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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 73 Walnut St APT 6, Newton, MA, 02460 uses $132,269 cash to close to unlock $4,033/yr annual cash flow and $336/mo monthly cash flow. Total monthly income runs $2,851/mo, and a $1,953/mo payment keeps the spread at $336/mo. Purchase price stands at $399,000, and rental yield measures 8.57% with $2,851/mo rent. Return on cash invested shows 22.96% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 119.38% and total cumulative return in cash records $157,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,851/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Condo
Built in 1970
1.73 Acres 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
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Listed by: Roberta Landau • Coldwell Banker Realty - Newton
Mls Name: MLS PIN
Mls ID: #73470214