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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Wakefield, MA
$ 399,900
ROI
20.0
Cash Flow/m
26- 2 Bed
- 1 Bath
- 780 sft
276 Albion St APT 12, Wakefield, MA, 01880
$ 549,900
ROI
20.5Cash Flow/m
65- 2 Bed
- 1 Bath
- 865 sft
6 Nelly St Floor 3, Wakefield, MA, 01880
$ 499,000
ROI
21.3Cash Flow/m
210- 2 Bed
- 2 Bath
- 1200 sft
55 Melvin St #R, Wakefield, MA, 01880
$ 499,000
ROI
32.4Cash Flow/m
1750- 2 Bed
- 1 Bath
- 1228 sft
22 Jefferson Rd UNIT 22, Wakefield, MA, 01880
Why Invest in Wakefield, Massachusetts?
Investing in condos in Wakefield, MA offers a vibrant opportunity due to its proximity to Boston and strong local economy. With an average rental yield of 5.2%, investors can expect steady cash flow supported by a 4.5% cap rate. The average ROI stands at 7%, reflecting solid appreciation aided by a growing rental market with average rents around $2,200. Additionally, around 60% of housing units are renter-occupied, signaling robust demand for rental properties.
7%
Avg. ROI
5.2%
Rental Yield
4.5%
Cap Rate
$500/mo
Avg. Cash Flow
$2200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Wakefield is approximately 5.2%, offering a competitive return compared to nearby markets.
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