18 Burroughs Rd, North Reading, MA, 01864 | 6.72% Rental Yield

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18 Burroughs Rd, North Reading, MA, 01864 | 6.72% Rental Yield | 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

Total monthly income runs $3,390/mo, and a $2,961/mo payment. Purchase price stands at $605,000, and rental yield measures 6.72% with $3,390/mo rent. Return on cash invested shows 17.51% in year one, and 5% annual appreciation builds toward $167,150 over five years. Five-year ROI reaches 90.09% and total cumulative return in cash records $179,314. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,390/mo property income covering a $2,961/mo payment rather than investor’s personal income.

Single Family

Built in 1942

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled in the charming locale of North Reading, 18 Burroughs Road presents a single-family residence that offers character and potential and an opportunity to craft your ideal living space. Within this home, you will find two bedrooms plus a nursery all complemented by hardwood flooring. The living and dining rooms are accented by a graceful archway and hardwood floors. Recently updated kitchen with new stainless steel appliances, flooring, cabinet doors and granite counter tops . Full bath has newly tiled bath, new vanity and toilet and new flooring. All hardwood flooring has been recently sanded and refinished. The one-car attached garage provides parking and additional storage solutions and a lower level bonus area perfect for a game room or office. Offering 1566 square feet of living area plus additional attic space, this home provides a canvas for realizing your distinctive vision. Outside enjoy a partially fenced backyard. Don't miss your chance to make this your home!

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