34 Andrews Rd, Wakefield, MA, 01880 | 6.79% Rental Yield

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34 Andrews Rd, Wakefield, MA, 01880 | 6.79% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $4,810/mo, and a $4,160/mo payment. Purchase price stands at $849,900, and rental yield measures 6.79% with $4,810/mo rent. Return on cash invested shows 17.71% in year one, and 5% annual appreciation builds toward $234,812 over five years. Five-year ROI reaches 91.2% and total cumulative return in cash records $255,002. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,810/mo property income covering a $4,160/mo payment rather than investor’s personal income.

Single Family

Built in 1992

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Location, Location, Location! Tucked into Wakefields sought-after Montrose area, this home is filled with natural light streaming through its many windows, creating a bright and welcoming feel from the moment you enter. A freshly painted interior and updated lighting highlight the sense of openness and flow. The main level offers a formal dining area and an eat-in kitchen with granite counters, ideal for everyday meals or special gatherings. With three bedrooms and two full baths, there is space for everyone, plus a bonus room on the lower level that works beautifully as a playroom, office, family room, or guest suite. Outside, a private yard lined with trees and an expansive deck invite relaxation. An immaculate two-car garage completes the package. Homes in this neighborhood are rarely available, making this a special opportunity to enjoy a welcoming community and close proximity to Lake Quannapowitt, local trails, and the shops and dining at Lynnfield Marketplace!

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