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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wakefield at 62 Foundry St #503, Wakefield, MA, 01880 generates $3,737/mo in rent, after a $5,384/mo payment. Total monthly income is $3,737/mo. Return on cash invested sits at 6.88% in year one, and rental yield is 4.08% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 34% and total cumulative return in cash sums $121,183. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,737/mo property income rather than buyer’s personal income.
Condo
Built in 2024
1.06 Acres lot
$N/A/sqft
$811 monthly HOA
Neighborhood data shown for ZIP Code: 01880, Wakefield, MA area.
| 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 |
Residential
11,280
Single Family
8,920
Multi-Family
2,360
Businesses
1,330
Date | Event | Price |
|---|---|---|
| 2025-03-22 | Listed for sale | $1,100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Aranson Maguire Group • Compass
Mls Name: MLS PIN
Mls ID: #73348816
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
