22 Union St APT 1ReadingMA01867
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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 Reading at 22 Union St APT 1, Reading, MA, 01867 priced at $589,900 converts $3,937/mo rent into $219/mo cash flow after a $2,887/mo obligation. Total monthly income equals $3,937/mo, and annual cash flow totals $2,631/yr on $194,077 invested. Return on cash invested prints 21.42% in year one, and rental yield reads 8.01% against a $589,900 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation compiles into $162,978 by year five. Five-year ROI reaches 111.05% and total cumulative return in cash sums $215,529. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,937/mo property income covering a $2,887/mo payment, not borrower’s personal income.
Condo
Built in 1854
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01867, Reading, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,228 (100%) |
| Owner Occupied HU | 7,900 (77.2%) |
| Renter Occupied HU | 1,853 (18.1%) |
| Vacant Housing Units | 475 ( 4.6%) |
| Median Home Value | $826,500 |
| Average Home Value | $871,673 |
Housing Distribution
Address Breakdown
Residential
9,969
Single Family
8,063
Multi-Family
1,906
Businesses
726
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Listed by: Rick Nazzaro • Colonial Manor Realty
Mls Name: MLS PIN
Mls ID: #73425799