11 Old Andover RdNorth ReadingMA01864
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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 North Reading at 11 Old Andover Rd, North Reading, MA, 01864 priced at $499,000 pairs $3,152/mo rent with $7/mo cash flow after a $2,442/mo payment. Total monthly income equals $3,152/mo, and annual cash flow comes to $87/yr on $165,419 invested. Return on cash invested is 19.96% in year one, and rental yield stands at 7.58% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 103.29% and total cumulative return in cash reaches $170,862. For financing, Ziffy Mortgage’s DSCR program evaluates $3,152/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1946
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01864, North Reading, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,083 (100%) |
| Owner Occupied HU | 4,921 (80.9%) |
| Renter Occupied HU | 932 (15.3%) |
| Vacant Housing Units | 230 ( 3.8%) |
| Median Home Value | $798,032 |
| Average Home Value | $871,513 |
Housing Distribution
Address Breakdown
Residential
6,018
Single Family
5,174
Multi-Family
844
Businesses
612
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Listed by: Kathleen Roy • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73400517