114 Chestnut StNorth ReadingMA01864
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 114 Chestnut St, North Reading, MA, 01864 offers $6,036/mo rent that, after a $5,751/mo payment. Total monthly income is $6,036/mo. Return on cash invested measures 15.96% in year one, and rental yield stands at 6.16% at a $1,175,000 entry. Equity gained on principal adds $7,582/yr while 5% annual appreciation compounds into $324,631 by year five. Five-year ROI records 81.76% and total cumulative return in cash reaches $311,266. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,036/mo property income versus a $5,751/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.82 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carolyn Walsh • Better Homes and Gardens Real Estate - The Shanahan Group
Mls Name: MLS PIN
Mls ID: #73385436
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.