785 Washington St APT 206NorwoodMA02062
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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
Rental property for sale in Norwood at 785 Washington St APT 206, Norwood, MA, 02062 generates $3,994/mo in rent and, after a $2,692/mo payment, leaves $527/mo in cash flow. Total monthly income is $3,994/mo, and annual cash flow is $6,329/yr on $180,950 invested. Return on cash invested sits at 23.56% in year one, and rental yield is 8.71% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 122.53% and total cumulative return in cash sums $221,722. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,994/mo property income rather than buyer’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02062, Norwood, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,892 (100%) |
| Owner Occupied HU | 7,172 (51.6%) |
| Renter Occupied HU | 6,191 (44.6%) |
| Vacant Housing Units | 529 ( 3.8%) |
| Median Home Value | $668,196 |
| Average Home Value | $718,952 |
Housing Distribution
Address Breakdown
Residential
13,130
Single Family
9,957
Multi-Family
3,173
Businesses
1,493
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Listed by: Rosanne Tebeau • Keller Williams Realty Leading Edge
Mls Name: MLS PIN
Mls ID: #73443593