69 Foundry St #310, Wakefield, MA, 01880 | 6.39% Rental Yield

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69 Foundry St #310, Wakefield, MA, 01880 | 6.39% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wakefield at 69 Foundry St #310, Wakefield, MA, 01880 earns from $3,402/mo rent with a $3,128/mo payment. Total monthly income totals $3,402/mo. ROI tracks 16.49% on current figures, and rental yield reads 6.39% at a $639,000 purchase. Equity gained on principal adds $4,123/yr, and 5% annual appreciation supports $176,544 over five years. Five-year ROI reaches 84.63% and total cumulative return in cash sums $177,916. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,402/mo property income instead of your personal income.

Condo

Built in 2019

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to The FoundryWakefields premier luxury community built in 2019. This stunning 2-bed, 2-bath unit offers modern living with two private outdoor balconies, perfect for relaxation. The open-concept layout features a sleek kitchen with granite countertops, stainless steel appliances, and a large center breakfast bar overlooking the living and dining areas. The spacious primary suite includes a walk-in closet and a beautifully designed ensuite bath. The second bedroom gives you the option of being your very own home office or guest room. Additional highlights include in-unit laundry, central air, elevator access, and two deeded parking spaces one of which is located in the heated garage. Ideally located just steps from downtown Wakefield, Lake Quannapowitt, and the commuter rail for an easy ride into Boston. Enjoy comfort, convenience, and style all in one place.

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