38-40 Wiley Rd, Belmont, MA, 02478 | 6.19% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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38-40 Wiley Rd, Belmont, MA, 02478 | 6.19% Rental Yield | Ziffy

For Sale

Currently Rented

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

Rental property for sale in Belmont at 38-40 Wiley Rd, Belmont, MA, 02478 generates $7,062/mo in rent, after a $6,701/mo payment. Total monthly income is $7,062/mo. Return on cash invested sits at 16.13% in year one, and rental yield is 6.19% on a $1,369,000 entry. Equity gained on principal adds $8,834/yr, while 5% annual appreciation builds toward $378,229 over five years. Five-year ROI reaches 82.63% and total cumulative return in cash sums $366,511. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,062/mo property income rather than buyer’s personal income.

Multi Family

Built in 1924

5,000 sqft lot

$N/A/sqft

No HOA

More details about the property

BEAUTIFUL- Large lovingly maintained 2-Family residence located on a very desirable street.Owner occupied for all time of the ownership,more then 30 years.THE FIRST- FLOOR unit has 3 bedrooms,kitchen, formal dining room, fireplaced living room, 1 bath and in unit washer / dryer. Currently leased.THE SECOND - FLOOR unit consists of 4 good sized bedrooms. Modern kitchen with new appliances. Newer tiled bathroom. Formal dining room w, china cabinet and beautiful period wood work. Lg. living room with new gas fireplace.3 season room of the liv.rm, and inclosed porch in the rear. Third floor with large bedroom or perfect as a play room. Most of the home with hard wood floors and high ceilings. Newer boilers, updated electrical panels,newer roof,siding with insulation,newer windows and much more.2 car garage and parking for total of 4 + cars. Lovely yard and grounds with many flowers making this home very special.Conveniently located, near commuter rails,73 bus line, schools, shops and more.

Neighborhood Data

Neighborhood data shown for ZIP Code: 02478, Belmont, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,856 (100%)
Owner Occupied HU	6,320 (58.2%)
Renter Occupied HU	3,883 (35.8%)
Vacant Housing Units	653 ( 6.0%)
Median Home Value	$1,215,863
Average Home Value	$1,284,804