62 Foundry St #309WakefieldMA01880
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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
Investment property for sale in Wakefield at 62 Foundry St #309, Wakefield, MA, 01880 offers a 4.87% rental yield on a $919,900 purchase with $3,737/mo rent. 89% in year one. Equity gained on principal adds $5,936/yr while 5% annual appreciation supports $254,151 over five years. Portfolio math shows five-year ROI at 59.96% and total cumulative return in cash at $181,459. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,737/mo property income against a $4,502/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
1.06 Acres 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 |
Housing Distribution
Address Breakdown
Residential
11,280
Single Family
8,920
Multi-Family
2,360
Businesses
1,330
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Listed by: Aranson Maguire Group • Compass
Mls Name: MLS PIN
Mls ID: #73465138