17 Renee DrWakefieldMA01880
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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 17 Renee Dr, Wakefield, MA, 01880 at $1,199,000 posts ROI 10.63% with from $4,406/mo rent. Total monthly income equals $4,406/mo. Return on cash invested measures 10.63% and rental yield reads 4.41% at the current $1,199,000. Equity gained on principal adds $7,737/yr, and 5% annual appreciation supports $331,262 by year five. Five-year ROI prints 53.17% and total cumulative return in cash totals $206,541. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,406/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1979
0.29 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: Louise Touchette Team • Coldwell Banker Realty - Lynnfield
Mls Name: MLS PIN
Mls ID: #73403217