1 Summit Dr APT 62ReadingMA01867
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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 Reading at 1 Summit Dr APT 62, Reading, MA, 01867 offers $2,350/mo rent that, after a $2,080/mo payment. Total monthly income is $2,350/mo. Return on cash invested measures 13.77% in year one, and rental yield stands at 6.64% at a $424,999 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,419 by year five. Five-year ROI records 71.29% and total cumulative return in cash reaches $100,444. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,350/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
$392 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01867, Reading, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,228 (100%) |
| Owner Occupied HU | 7,900 (77.2%) |
| Renter Occupied HU | 1,853 (18.1%) |
| Vacant Housing Units | 475 ( 4.6%) |
| Median Home Value | $826,500 |
| Average Home Value | $871,673 |
Housing Distribution
Address Breakdown
Residential
9,969
Single Family
8,063
Multi-Family
1,906
Businesses
726
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Listed by: Kathy Devine • Dvine1 Real Estate
Mls Name: MLS PIN
Mls ID: #73397824
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