5 Byron St, Wakefield, MA, 01880 | 7.15% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1404 sft

39 McCormack Ave, Medford, MA, 02155

6 Bed
2 Bath
2993 sft

42 Belmont St, Somerville, MA, 02143

2 Bed
2 Bath
1050 sft

100 Ledgewood Dr APT 215, Stoneham, MA, 02180

3 Bed
3 Bath
2004 sft

9 New Mill Pl, Ipswich, MA, 01938

Nearby investment properties with comparable prices

2 Bed
3 Bath
2298 sft

402 Pine Brook Dr UNIT 402, Peabody, MA, 01960

2 Bed
2 Bath
1134 sft

30 Lakeside Ave, Quincy, MA, 02169

3 Bed
1 Bath
1214 sft

29 Russet Rd, Billerica, MA, 01821

1 Bed
1 Bath
620 sft

277 Border #401A, Boston, MA, 02128

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Wakefield at 5 Byron St, Wakefield, MA, 01880 generates $4,162/mo in rent, after a $3,421/mo payment. Total monthly income is $4,162/mo. Return on cash invested sits at 18.79% in year one, and rental yield is 7.15% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 96.96% and total cumulative return in cash sums $222,974. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,162/mo property income rather than buyer’s personal income.

Single Family

Built in 1892

8,080 sqft 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