27 Park StNorth ReadingMA01864
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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
Investment property for sale in North Reading at 27 Park St, North Reading, MA, 01864 offers a 3.61% rental yield on a $1,149,900 purchase with $3,462/mo rent. 18% in year one. Equity gained on principal adds $7,420/yr while 5% annual appreciation supports $317,696 over five years. Portfolio math shows five-year ROI at 39.99% and total cumulative return in cash at $148,982. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,462/mo property income against a $5,628/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.36 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
6,018
Single Family
5,174
Multi-Family
844
Businesses
612
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Listed by: The Lucci Witte Team • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73472206