37 Elmcrest Rd, Wakefield, MA, 01880 | 4.93% Rental Yield

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37 Elmcrest Rd, Wakefield, MA, 01880 | 4.93% 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

Investment property for sale in Wakefield at 37 Elmcrest Rd, Wakefield, MA, 01880 with 5% annual appreciation on a $1,095,000 basis while $4,496/mo rent supports operations. 23% in year one. Equity gained on principal adds $7,066/yr, and five-year appreciation sums $302,528 alongside rental yield of 4.93%. Five-year ROI measures 61.74% and total cumulative return in cash totals $219,034. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,496/mo property income versus a $5,359/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1950

10,502 sqft lot

$N/A/sqft

No HOA

More details about the property

Proudly offered in this highly sought-after and rarely available neighborhood, WELCOME HOME to 37 Elm Crest Road. This property has been beautifully renovated throughout and offers tasteful design at every turn. Step through the spacious foyer into the bright, open layout that effortlessly connects the brand-new kitchen with all new appliances, spacious dining area, and expansive fire placed living room. First floor features brand new half bath. As you pass the beverage center on the main level, step down into the large family room with vaulted ceiling, recessed lighting and sliding door to the brand new deck which overlooks the professionally landscaped yard. Second floor features three nicely sized bedrooms with generous closets and a brand new full bath. In addition to the stylish renovations, this home offers new plumbing and electrical as well as a new driveway. Additional features include two car garage with automatic openers, full walk out basement and attic storage.

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