88 Wright Rd, Concord, MA, 01742 | 5.41% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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88 Wright Rd, Concord, MA, 01742 | 5.41% 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

Rental property for sale in Concord at 88 Wright Rd, Concord, MA, 01742 priced at $1,200,000 converts $5,414/mo rent into after a $5,873/mo obligation. Total monthly income equals $5,414/mo. Return on cash invested prints 13.74% in year one, and rental yield reads 5.41% against a $1,200,000 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation compiles into $331,538 by year five. Five-year ROI reaches 69.8% and total cumulative return in cash sums $271,367. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,414/mo property income covering a $5,873/mo payment, not borrower’s personal income.

Single Family

Built in 1964

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 88 Wright Rd! This home, evokes a feeling of tranquility with the open back yard, views of Warner's Pond, an empty lot owned by town conservation next door, and being centered in a lovely cul de sac neighborhood. All while being moments from West Concord center. There are three generous bedrooms with hardwood floors and personal space for everyone, as well as a 4th room suitable for a home office on the second floor. The two full and one half bathroom are thoughtfully updated. The expansive lot provides ample outdoor space for recreation, gardening, or simply enjoying the tranquility of the surroundings. This residence includes a two-car garage and off street parking. The well appointed and maintained home provides a comfortable and functional layout for everyday living. Additions and many updates done in 2013 make it feel young. This Concord residence offers a remarkable opportunity own a home suited to your lifestyle with easy access to lively West Concord center.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01742, Concord, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,211 (100%)
Owner Occupied HU	5,143 (71.3%)
Renter Occupied HU	1,557 (21.6%)
Vacant Housing Units	511 ( 7.1%)
Median Home Value	$1,306,655
Average Home Value	$1,395,371