107 Vernon St APT DWakefieldMA01880
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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 Wakefield at 107 Vernon St APT D, Wakefield, MA, 01880 with 5% annual appreciation on a $375,000 basis while $2,759/mo rent supports operations. Total monthly income totals $2,759/mo and a $1,835/mo payment preserves $396/mo for cash returns. Annual cash flow comes to $4,750/yr on $124,313 deployed, and return on cash invested reaches 23.73% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 8.83%. Five-year ROI measures 123.48% and total cumulative return in cash totals $153,507.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,759/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01880, Wakefield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,722 (100%) |
| Owner Occupied HU | 7,861 (67.1%) |
| Renter Occupied HU | 3,361 (28.7%) |
| Vacant Housing Units | 500 ( 4.3%) |
| Median Home Value | $739,351 |
| Average Home Value | $784,333 |
Housing Distribution
Address Breakdown
Residential
11,280
Single Family
8,920
Multi-Family
2,360
Businesses
1,330
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Listed by: Sofia Vasconcelos • Four Points Real Estate, LLC
Mls Name: MLS PIN
Mls ID: #73411090