12 Parkview Ter, North Reading, MA, 01864 | $1,087/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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12 Parkview Ter, North Reading, MA, 01864 | $1,087/mo Cash Flow | 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

Rental property for sale in North Reading at 12 Parkview Ter, North Reading, MA, 01864 priced at $399,900 converts $3,607/mo rent into $1,087/mo cash flow after a $1,957/mo obligation. Total monthly income equals $3,607/mo, and annual cash flow totals $13,042/yr on $132,567 invested. Return on cash invested prints 29.75% in year one, and rental yield reads 10.82% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 155.74% and total cumulative return in cash sums $206,456. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,607/mo property income covering a $1,957/mo payment, not borrower’s personal income.

Single Family

Built in 1940

0.43 Acres lot

$N/A/sqft

No HOA

More details about the property

Contractors and flippers - we have one for you!!! Located on a dead end street is this older cottage that is need of extensive repairs! Not for the person who says "I have friends" this is for the one that HAS SKILLS!!! The house has been in the same family for 55+ years!!!! The good parts? The heating system and the hot water tank are within the last few years and the Title V has been done and certified for a 2 bedroom (however it is a cesspool). Should you want to take the house down and build on existing foundation or move the house to the larger part of the lot and build a whole new one is something that you would be responsible for obtaining information from the town! Buyers and their agents are to perform due diligence. Seller can close anytime! Will NOT pass FHA/VA financing.

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