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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% |
Investment property for sale in North Reading at 240 Martins Lndg UNIT 204, North Reading, MA, 01864 listed at $469,900 pairs $2,734/mo rent with a $2,300/mo payment. Total monthly income runs $2,734/mo. Return on cash invested measures 14.7% in year one, and rental yield registers 6.98% at a $469,900 basis. Equity gained on principal adds $3,032/yr, and annual property appreciation at 5% supports $129,825 by year five. Five-year ROI tracks 76.3% and total cumulative return in cash totals $118,862. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,734/mo property income relative to a $2,300/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2021
N/A lot
$N/A/sqft
$363 monthly 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 |
|---|---|---|
| 2025-01-08 | Listed for sale | $469,900 |
| 2021-12-07 | Sold | $444,580 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | $6148.00 | 10.85% | $465,400 | 17.41% |
| 2023-02-14 | $5546.00 | N/A | $396,400 | N/A |
Listed by: Evelyn Rockas • Coldwell Banker Realty - Lynnfield
Mls Name: MLS PIN
Mls ID: #73324293
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
