Thin — worth an offer, not the asking price

Rented normally, you'd make about $287 a month.

That is thin: one empty month wipes out a year of that profit. The rent is our own estimate, not a signed tenancy. The problem is the gap between them is too small to absorb anything going wrong.

24 W Water St, Wakefield, MA 01880 · 2,470 sqft · $364/sqft

5 BED

$899,900

List price

Monthly profit

+$287/mo

Cash needed

$249K

+ refurb costs

Return after costs

0.9%

Cash return

1.4%

Solid

Rented normally at the asking price, this works with risks you can price in — 9.57% return before costs on price.

Why it works

Monthly profit +$287/mo from completion — the no.1 reason to invest
This is the money left after the mortgage, the running costs and tax — not the rent.It assumes the rent we modelled and the empty weeks we assumed. Change either and it moves. Try your own numbers →
9.57% return before costs — above-market
Rent over price, before any costs. Useful for comparing streets; it is not money you keep.Two properties on the same yield can leave you very different amounts. See what you keep →

Why to be cautious

No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.

Research, not financial advice · how we decide →

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