974 Main St APT 30, Wakefield, MA, 01880 | 7.17% Rental Yield

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

Investment property for sale in Wakefield at 974 Main St APT 30, Wakefield, MA, 01880 earns from $3,494/mo rent with a $2,863/mo payment. Total monthly income totals $3,494/mo. ROI tracks 18.86% on current figures, and rental yield reads 7.17% at a $584,900 purchase. Equity gained on principal adds $3,774/yr, and 5% annual appreciation supports $161,597 over five years. Five-year ROI reaches 97.34% and total cumulative return in cash sums $187,307. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,494/mo property income instead of your personal income.

Condo

Built in 2004

1 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