40 Hillside Dr UNIT 40WaylandMA01778
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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 Wayland at 40 Hillside Dr UNIT 40, Wayland, MA, 01778 generates $3,228/mo in rent, after a $5,800/mo payment. Total monthly income is $3,228/mo. Return on cash invested sits at 7.12% in year one, and rental yield is 3.27% on a $1,185,000 entry. Equity gained on principal adds $7,647/yr, while 5% annual appreciation builds toward $327,394 over five years. Five-year ROI reaches 34.3% and total cumulative return in cash sums $131,682. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,228/mo property income rather than buyer’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01778, Wayland, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,364 (100%) |
| Owner Occupied HU | 4,555 (84.9%) |
| Renter Occupied HU | 506 ( 9.4%) |
| Vacant Housing Units | 303 ( 5.6%) |
| Median Home Value | $1,028,402 |
| Average Home Value | $1,136,903 |
Housing Distribution
Address Breakdown
Residential
5,429
Single Family
4,968
Multi-Family
461
Businesses
405
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Listed by: Chaplin Partners • Compass
Mls Name: MLS PIN
Mls ID: #73436486