24 Minot StReadingMA01867
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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 24 Minot St, Reading, MA, 01867 offers $4,284/mo rent that, after a $3,789/mo payment. Total monthly income is $4,284/mo. Return on cash invested measures 17.26% in year one, and rental yield stands at 6.64% at a $774,200 entry. Equity gained on principal adds $4,996/yr while 5% annual appreciation compounds into $213,897 by year five. Five-year ROI records 88.73% and total cumulative return in cash reaches $226,003. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,284/mo property income versus a $3,789/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1886
4,356 sqft 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: N/A • N/A
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