257 High StReadingMA01867
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
Investment Highlights
Rental property for sale in Reading at 257 High St, Reading, MA, 01867 offers $4,646/mo rent that, after a $5,383/mo payment. Total monthly income is $4,646/mo. Return on cash invested measures 12.67% in year one, and rental yield stands at 5.07% at a $1,099,900 entry. Equity gained on principal adds $7,097/yr while 5% annual appreciation compounds into $303,882 by year five. Five-year ROI records 64.08% and total cumulative return in cash reaches $228,372. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,646/mo property income versus a $5,383/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
0.34 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: #73464630