10 Thorndike St, Reading, MA, 01867 | 7.24% Rental Yield

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Price: $300K - 500K

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10 Thorndike St, Reading, MA, 01867 | 7.24% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Reading at 10 Thorndike St, Reading, MA, 01867 with 5% annual appreciation on a $800,000 basis while $4,828/mo rent supports operations. 08% in year one. Equity gained on principal adds $5,162/yr, and five-year appreciation sums $221,025 alongside rental yield of 7.24%. Five-year ROI measures 98.53% and total cumulative return in cash totals $259,328. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,828/mo property income versus a $3,916/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1925

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

This cottage-inspired home offers charm, flexibility, and a surprisingly spacious layout in a quiet yet convenient Reading neighborhood. Thoughtful updates blend with original characterfeaturing natural woodwork and a vaulted family room that adds an airy, open feel.The main level includes two bedrooms and a full bath, while the finished lower level offers a private primary suite with its own bathideal for those who value space and privacy. A fourth bedroom downstairs adds versatility for guests or extended family, and the walk-out home office is perfect for todays work-from-home lifestyle.The sun porch extends the living space and invites you to enjoy the seasons in comfort. Outside, a brick patio sets the stage for summer grilling, and the backyard is ideal for play or gardening.With timeless details and a flexible layout, this home offers both warmth and practicalityplus important updates, including an efficient heating system, for added comfort and peace of mind.

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