997 Main St APT 1WakefieldMA01880
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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 997 Main St APT 1, Wakefield, MA, 01880 generates $5,250/mo in rent and, after a $2,932/mo payment, leaves $1,474/mo in cash flow. Total monthly income is $5,250/mo, and annual cash flow is $17,693/yr on $197,071 invested. Return on cash invested sits at 29.04% in year one, and rental yield is 10.52% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 151.92% and total cumulative return in cash sums $299,398. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,250/mo property income rather than buyer’s personal income.
Townhouse
Built in 2000
N/A 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: Kristin Weekley • Leading Edge Real Estate
Mls Name: MLS PIN
Mls ID: #73418199