989 Chestnut St #8NewtonMA02464
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 989 Chestnut St #8, Newton, MA, 02464 in Newton worth study. Rental yield 4.82%. The 4.82% gross yield is below cash-flow benchmarks at $776,900, but 5% annual appreciation, adding $214,643 over five years, frames this as a capital growth position. Rent of $3,120/mo partially offsets the $3,493/mo payment. Ziffy Mortgage finances appreciation-play properties (0.89 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $180,654.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 5.2% |
| Monthly Cash Flow | $(1,777) | $700 |
City averages based on Newton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,120 |
| Total Monthly Debt Service | $4,588 |
| DSCR Ratio | 0.68x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1825
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02464, Newton Upper Falls, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,544 (100%) |
| Owner Occupied HU | 901 (58.4%) |
| Renter Occupied HU | 554 (35.9%) |
| Vacant Housing Units | 89 ( 5.8%) |
| Median Home Value | $970,905 |
| Average Home Value | $1,082,001 |
Housing Distribution
Address Breakdown
Residential
1,288
Single Family
974
Multi-Family
314
Businesses
259
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
Condo
Built in 1825
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02464, Newton Upper Falls, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,544 (100%) |
| Owner Occupied HU | 901 (58.4%) |
| Renter Occupied HU | 554 (35.9%) |
| Vacant Housing Units | 89 ( 5.8%) |
| Median Home Value | $970,905 |
| Average Home Value | $1,082,001 |
Housing Distribution
Address Breakdown
Residential
1,288
Single Family
974
Multi-Family
314
Businesses
259
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A