200 Martins Lndg UNIT 102, North Reading, MA, 01864 | 7.41% Rental Yield

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200 Martins Lndg UNIT 102, North Reading, MA, 01864 | 7.41% 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 $3,230/mo, and a $2,560/mo payment. Purchase price stands at $523,000, and rental yield measures 7.41% with $3,230/mo rent. Return on cash invested shows 19.6% in year one, and 5% annual appreciation builds toward $144,495 over five years. Five-year ROI reaches 101.29% and total cumulative return in cash records $174,281. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,230/mo property income covering a $2,560/mo payment rather than investor’s personal income.

Condo

Built in 2018

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this sought after 55+ community at Martins Landing! Built in 2018, this meticulously maintained 1bed 1 bath first floor unit offers an effortless lifestyle w upgrades throughout. Step inside to find an inviting, open concept layout featuring granite countertops and upgraded cabinetry and wood floors throughout. Off the living room leads you to a slider to your private porch to unwind. The spacious bedroom boasts natural sunlight throughout the day and offers a custom walk in closet! This unit also features a versatile bonus room equipped w a large custom closet making organization a breeze. The separate in-unit laundry room has also been upgraded with added shelving. This prime location next to the side entrance guides you to your parking space directly out front of the unit. Minutes to 93, shopping, restaurants, and less than 30 to both NH and Boston. Move right in and take advantage of the communities walking trails, gym, and clubhouse, making this truly unbeatable!

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