18 Wright StNorth 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 18 Wright St, North Reading, MA, 01864 priced at $745,800 pairs $5,200/mo rent with $500/mo cash flow after a $3,650/mo payment. Total monthly income equals $5,200/mo, and annual cash flow comes to $5,996/yr on $245,368 invested. Return on cash invested is 22.5% in year one, and rental yield stands at 8.37% on a $745,800 basis. Equity gained on principal adds $4,813/yr, and 5% annual appreciation accumulates to $206,051 by year five. Five-year ROI measures 116.87% and total cumulative return in cash reaches $286,759. For financing, Ziffy Mortgage’s DSCR program evaluates $5,200/mo property income against a $3,650/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
8,712 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: N/A • N/A
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