62 Foundry St #208, Wakefield, MA, 01880 | 5.61% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

62 Foundry St #208, Wakefield, MA, 01880 | 5.61% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1406 sft

62 Foundry St #310, Wakefield, MA, 01880

2 Bed
1 Bath
780 sft

276 Albion St APT 1, Wakefield, MA, 01880

2 Bed
2 Bath
1406 sft

62 Foundry St #410, Wakefield, MA, 01880

2 Bed
2 Bath
1325 sft

62 Foundry St #312, Wakefield, MA, 01880

Nearby investment properties with comparable prices

3 Bed
1 Bath
1499 sft

233 Temple Rd, Waltham, MA, 02452

Rental Income+ 1 more

3 Bed
2 Bath
1795 sft

88 Dartmouth St, Medford, MA, 02155

2 Bed
2 Bath
1285 sft

30 Magnolia St #1, Arlington, MA, 02474

3 Bed
2 Bath
1684 sft

8 Rowe St, Stoneham, MA, 02180

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

Investment property for sale in Wakefield at 62 Foundry St #208, Wakefield, MA, 01880 listed at $799,900 pairs $3,737/mo rent with a $3,915/mo payment. Total monthly income runs $3,737/mo. Return on cash invested measures 14.11% in year one, and rental yield registers 5.61% at a $799,900 basis. Equity gained on principal adds $5,162/yr, and annual property appreciation at 5% supports $220,998 by year five. Five-year ROI tracks 71.87% and total cumulative return in cash totals $189,144. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,737/mo property income relative to a $3,915/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2024

1.06 Acres lot

$N/A/sqft

No HOA

More details about the property

Last unit remaining in the 08 stack! Experience refined living at the Wrenly Residences - Where Luxury Meets Lifestyle. This elegant 2-bedroom, 2-bathroom penthouse condo spans over almost 1,400 square feet all on one level, featuring engineered hardwood floors and a designer kitchen with top-of-the-line appliances. The spacious primary suite includes ample closet space and a luxurious tiled en-suite bathroom. The second bedroom offers versatility for guests and/or a home office. Enjoy year-round comfort with central heating and air conditioning, and the convenience of an in-unit washer and dryer. Amenities include two elevators, off-street parking, an attached garage, a well-equipped gym, and both common and private outdoor spaces. Pet-friendly policies ensure your furry companions are welcome. Discover the perfect blend of elegance and modern convenience. Schedule your private showing today! Ask about the 2-1% buy-down, closing cost credit, or other incentives!

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