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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wakefield at 98 Cedar St APT 4, Wakefield, MA, 01880 priced at $550,000 pairs $3,737/mo rent with after a $2,692/mo payment. Total monthly income equals $3,737/mo. Return on cash invested is 19.7% in year one, and rental yield stands at 8.15% on a $550,000 basis. Equity gained on principal adds $3,549/yr, and 5% annual appreciation accumulates to $151,955 by year five. Five-year ROI measures 102.65% and total cumulative return in cash reaches $185,746. For financing, Ziffy Mortgage’s DSCR program evaluates $3,737/mo property income against a $2,692/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1963
N/A lot
$N/A/sqft
$324 monthly HOA
Neighborhood data shown for ZIP Code: 01880, Wakefield, MA area.
| 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 |
Residential
11,280
Single Family
8,920
Multi-Family
2,360
Businesses
1,330
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Sold | $550,000 |
| 2025-05-13 | Listed for sale | $529,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $4790.00 | -4.10% | $425,800 | N/A |
| 2023-10-24 | $4995.00 | -2.92% | $425,800 | 1.96% |
| 2022-10-24 | $5145.00 | 9.05% | $417,600 | 12.68% |
Listed by: Lucia Ponte • Trinity Real Estate
Mls Name: MLS PIN
Mls ID: #73373775
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
