70 Meriam St, Wakefield, MA, 01880 | 6.76% Rental Yield

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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

Total monthly income runs $4,080/mo, and a $3,545/mo payment. Purchase price stands at $724,300, and rental yield measures 6.76% with $4,080/mo rent. Return on cash invested shows 17.62% in year one, and 5% annual appreciation builds toward $200,111 over five years. Five-year ROI reaches 90.67% and total cumulative return in cash records $216,061. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,080/mo property income covering a $3,545/mo payment rather than investor’s personal income.

Single Family

Built in 1941

6,534 sqft 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