304 Lowell StWakefieldMA01880
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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 Wakefield at 304 Lowell St, Wakefield, MA, 01880 priced at $782,300 converts $4,080/mo rent into after a $3,829/mo obligation. Total monthly income equals $4,080/mo. Return on cash invested prints 16.09% in year one, and rental yield reads 6.26% against a $782,300 entry. Equity gained on principal adds $5,048/yr, while 5% annual appreciation compiles into $216,135 by year five. Five-year ROI reaches 82.51% and total cumulative return in cash sums $212,371. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,080/mo property income covering a $3,829/mo payment, not borrower’s personal income.
Single Family
Built in 1965
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: N/A • N/A
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