69 Foundry St #416WakefieldMA01880
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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 69 Foundry St #416, Wakefield, MA, 01880 earns from $2,838/mo rent with a $2,545/mo payment. Total monthly income totals $2,838/mo. ROI tracks 16.98% on current figures, and rental yield reads 6.55% at a $519,900 purchase. Equity gained on principal adds $3,355/yr, and 5% annual appreciation supports $143,639 over five years. Five-year ROI reaches 87.25% and total cumulative return in cash sums $149,236. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,838/mo property income instead of your personal income.
Condo
Built in 2019
N/A 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: Tania Boris • Shilalis Real Estate
Mls Name: MLS PIN
Mls ID: #73459368