245 Elm St, North Reading, MA, 01864 | 3.59% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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245 Elm St, North Reading, MA, 01864 | 3.59% 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

Investment property for sale in North Reading at 245 Elm St, North Reading, MA, 01864 listed at $1,999,900 pairs $5,975/mo rent with a $9,789/mo payment. Total monthly income runs $5,975/mo. Return on cash invested measures 8.09% in year one, and rental yield registers 3.59% at a $1,999,900 basis. Equity gained on principal adds $12,905/yr, and annual property appreciation at 5% supports $552,536 by year five. Five-year ROI tracks 39.52% and total cumulative return in cash totals $256,080. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,975/mo property income relative to a $9,789/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1800

6.90 Acres lot

$N/A/sqft

No HOA

More details about the property

Antique farmhouse on 6+ acres w/ endless potentialjust 45 minutes from Boston! This 4-bedroom, 3-bath home, a 1-car garage and an older 4-stall barn. Once a thriving horse farm, the property features open pastures, mature trees and a peaceful setting perfect for equestrian use, a hobby farm, or a rural retreat. Full of character and history, both the home and barn require extensive repair and restoration & are being sold as-is. This is a rare opportunity to bring a classic New England property back to life and make it your own. With plenty of room to expand or customize, this unique estate offers privacy, charm and the chance to create something truly special. Whether youre looking to revive a working farm, start a new chapter in the country, or invest in land and potential, this property is ready for your vision. Due to the scope of restoration needed, this listing is ideal for experienced renovators, investors, or those seeking a true project w/ significant upside.

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