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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in North Reading at 15-15B Park St #B, North Reading, MA, 01864 generates $2,437/mo in rent, after a $7,826/mo payment. Total monthly income is $2,437/mo. Return on cash invested sits at 2.67% in year one, and rental yield is 1.83% on a $1,599,000 entry. Equity gained on principal adds $10,318/yr, while 5% annual appreciation builds toward $441,774 over five years. Five-year ROI reaches 10.47% and total cumulative return in cash sums $54,229. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,437/mo property income rather than buyer’s personal income.
Multi Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 01864, North Reading, MA area.
| 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 |
Residential
6,018
Single Family
5,174
Multi-Family
844
Businesses
612
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Druann Jedrey • Leading Edge Real Estate
Mls Name: MLS PIN
Mls ID: #73425775
