85 Farm StWakefieldMA01880
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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
Rental property for sale in Wakefield at 85 Farm St, Wakefield, MA, 01880 offers $5,916/mo rent that, after a $6,314/mo payment. Total monthly income is $5,916/mo. Return on cash invested measures 14.01% in year one, and rental yield stands at 5.5% at a $1,290,000 entry. Equity gained on principal adds $8,324/yr while 5% annual appreciation compounds into $356,403 by year five. Five-year ROI records 71.27% and total cumulative return in cash reaches $297,896. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,916/mo property income versus a $6,314/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.35 Acres 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: Souzan Davood Team • Coldwell Banker Realty - Newton
Mls Name: MLS PIN
Mls ID: #73420618