84 Redfield RdWakefieldMA01880
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 84 Redfield Rd, Wakefield, MA, 01880 at $699,900 posts ROI 22.12% with $395/mo cash flow from $4,807/mo rent. Total monthly income equals $4,807/mo, and annual cash flow records $4,744/yr on $230,267 to close. Return on cash invested measures 22.12% and rental yield reads 8.24% at the current $699,900. Equity gained on principal adds $4,516/yr, and 5% annual appreciation supports $193,369 by year five. Five-year ROI prints 114.83% and total cumulative return in cash totals $264,404.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,807/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
8,002 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 |
Housing Distribution
Address Breakdown
Residential
11,280
Single Family
8,920
Multi-Family
2,360
Businesses
1,330
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Listed by: The Watson Team • RE/MAX Way
Mls Name: MLS PIN
Mls ID: #73422559