8 Elliot Mls #30NorfolkMA02056
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Norfolk at 8 Elliot Mls #30, Norfolk, MA, 02056 priced at $859,900 converts $1,560/mo rent into after a $4,209/mo obligation. Total monthly income equals $1,560/mo. Return on cash invested prints 3.69% in year one, and rental yield reads 2.18% against a $859,900 entry. Equity gained on principal adds $5,549/yr, while 5% annual appreciation compiles into $237,575 by year five. Five-year ROI reaches 15.96% and total cumulative return in cash sums $45,166. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $4,209/mo payment, not borrower’s personal income.
Condo
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02056, Norfolk, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,671 (100%) |
| Owner Occupied HU | 3,372 (91.9%) |
| Renter Occupied HU | 224 ( 6.1%) |
| Vacant Housing Units | 75 ( 2.0%) |
| Median Home Value | $761,786 |
| Average Home Value | $779,264 |
Housing Distribution
Address Breakdown
Residential
3,684
Single Family
3,621
Multi-Family
63
Businesses
265
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brett Speranzella • Streamline Communities - Norfolk
Mls Name: MLS PIN
Mls ID: #73461699