15 Hickory Hill RdWakefieldMA01880
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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 15 Hickory Hill Rd, Wakefield, MA, 01880 listed at $785,000 pairs $5,038/mo rent with a $3,842/mo payment to leave $90/mo cash flow. Total monthly income runs $5,038/mo, and annual cash flow reaches $1,086/yr on $258,265 cash to close. Return on cash invested measures 20.48% in year one, and rental yield registers 7.7% at a $785,000 basis. Equity gained on principal adds $5,065/yr, and annual property appreciation at 5% supports $216,881 by year five. Five-year ROI tracks 106.03% and total cumulative return in cash totals $273,830. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,038/mo property income relative to a $3,842/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
0.36 Acres 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: Jennifer Paratore • Cordaville Realty
Mls Name: MLS PIN
Mls ID: #73470479