832 Chestnut StNewtonMA02468
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 Newton at 832 Chestnut St, Newton, MA, 02468 generates $8,113/mo in rent, after a $9,079/mo payment. Total monthly income is $8,113/mo. Return on cash invested sits at 13.23% in year one, and rental yield is 5.25% on a $1,855,000 entry. Equity gained on principal adds $11,970/yr, while 5% annual appreciation builds toward $512,502 over five years. Five-year ROI reaches 67.05% and total cumulative return in cash sums $403,007. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,113/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
8,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02468, Waban, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,032 (100%) |
| Owner Occupied HU | 1,720 (84.6%) |
| Renter Occupied HU | 253 (12.5%) |
| Vacant Housing Units | 59 ( 2.9%) |
| Median Home Value | $1,636,146 |
| Average Home Value | $1,624,507 |
Housing Distribution
Address Breakdown
Residential
1,961
Single Family
1,918
Multi-Family
43
Businesses
111
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Nearby investment properties with comparable prices
Listed by: Deanna Salemme • Coldwell Banker Realty - Newton
Mls Name: MLS PIN
Mls ID: #73376163