98 Medway StNorfolkMA02056
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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 Norfolk at 98 Medway St, Norfolk, MA, 02056 uses $109,395 cash to close to unlock $3,195/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $2,346/mo, and a $1,615/mo payment keeps the spread at $266/mo. Purchase price stands at $329,999, and rental yield measures 8.53% with $2,346/mo rent. Return on cash invested shows 22.83% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 118.68% and total cumulative return in cash records $129,826. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,346/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.48 Acres 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
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Listed by: Catherine Walsh • Coldwell Banker Realty - Easton
Mls Name: MLS PIN
Mls ID: #73470023