12 Wallis Dr UNIT 12WenhamMA01984
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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
Rental property for sale in Wenham at 12 Wallis Dr UNIT 12, Wenham, MA, 01984 generates $4,200/mo in rent, after a $7,782/mo payment. Total monthly income is $4,200/mo. Return on cash invested sits at 6.81% in year one, and rental yield is 3.17% on a $1,590,000 entry. Equity gained on principal adds $10,260/yr, while 5% annual appreciation builds toward $439,288 over five years. Five-year ROI reaches 32.65% and total cumulative return in cash sums $168,212. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,200/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01984, Wenham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,505 (100%) |
| Owner Occupied HU | 1,230 (81.7%) |
| Renter Occupied HU | 212 (14.1%) |
| Vacant Housing Units | 63 ( 4.2%) |
| Median Home Value | $879,764 |
| Average Home Value | $967,724 |
Housing Distribution
Address Breakdown
Residential
1,451
Single Family
1,289
Multi-Family
162
Businesses
107
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Listed by: Lynne Saporito • J. Barrett & Company
Mls Name: MLS PIN
Mls ID: #73457728