957 Washington St #2NewtonMA02460
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 957 Washington St #2, Newton, MA, 02460 in Newton earns a 10.1% gross yield at $395,000. Rent of $3,324/mo nets $383/mo after the $1,873/mo mortgage. The 1.77 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $109,131 and $3,311/yr in equity accumulation project a total cumulative return of $169,147.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 5.2% |
| Monthly Cash Flow | $383 | $700 |
City averages based on Newton market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,324 |
| Total Monthly Debt Service | $2,880 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1900
0.26 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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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: William Morley • Martin Property Management
Mls Name: MLS PIN
Mls ID: #73598779
