29 Belmont 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 29 Belmont St, Reading, MA, 01867 priced at $824,700 converts $4,320/mo rent into after a $4,037/mo obligation. Total monthly income equals $4,320/mo. Return on cash invested prints 16.18% in year one, and rental yield reads 6.29% against a $824,700 entry. Equity gained on principal adds $5,322/yr, while 5% annual appreciation compiles into $227,849 by year five. Five-year ROI reaches 82.96% and total cumulative return in cash sums $225,094. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,320/mo property income covering a $4,037/mo payment, not borrower’s personal income.
Single Family
Built in 1939
0.25 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
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Listed by: N/A • N/A
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