1014 Gazebo Cir #1014ReadingMA01867
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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
Investment property for sale in Reading at 1014 Gazebo Cir #1014, Reading, MA, 01867 listed at $585,000 pairs $3,726/mo rent with a $2,863/mo payment to leave $39/mo cash flow. Total monthly income runs $3,726/mo, and annual cash flow reaches $469/yr on $192,465 cash to close. Return on cash invested measures 20.3% in year one, and rental yield registers 7.64% at a $585,000 basis. Equity gained on principal adds $3,775/yr, and annual property appreciation at 5% supports $161,625 by year five. Five-year ROI tracks 105.09% and total cumulative return in cash totals $202,266. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,726/mo property income relative to a $2,863/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1996
N/A lot
$N/A/sqft
No 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: Jennifer Schneider • Century 21 Elite Realty
Mls Name: MLS PIN
Mls ID: #73470522