22 Union St APT 3ReadingMA01867
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 22 Union St APT 3, Reading, MA, 01867 in Reading is narrow, $78/mo net on $2,536/mo rent after the $1,753/mo debt service, but the property operates at break-even-plus, not a loss. At $389,900 with a 7.8% yield, the long-run equity case via 5% appreciation ($107,722 over five years) and $3,591/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.45 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $153,113.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 5.8% |
| Monthly Cash Flow | $78 | $420 |
City averages based on Reading market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,536 |
| Total Monthly Debt Service | $2,302 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rick Nazzaro • Colonial Manor Realty
Mls Name: MLS PIN
Mls ID: #73405853