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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 2 Bishops Way, North Reading, MA, 01864 priced at $1,549,000 converts $6,580/mo rent into after a $7,582/mo obligation. Total monthly income equals $6,580/mo. Return on cash invested prints 12.76% in year one, and rental yield reads 5.1% against a $1,549,000 entry. Equity gained on principal adds $9,995/yr, while 5% annual appreciation compiles into $427,960 by year five. Five-year ROI reaches 64.55% and total cumulative return in cash sums $323,963. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,580/mo property income covering a $7,582/mo payment, not borrower’s personal income.
Single Family
Built in 1993
6.51 Acres 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: Margus Deery • Coldwell Banker Realty - Andovers/Readings Regional
Mls Name: MLS PIN
Mls ID: #73441138
