320 Martins Lndg #403North 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 320 Martins Lndg #403, North Reading, MA, 01864 earns from $2,154/mo rent with a $2,550/mo payment. Total monthly income totals $2,154/mo. ROI tracks 12.15% on current figures, and rental yield reads 4.96% at a $520,970 purchase. Equity gained on principal adds $3,362/yr, and 5% annual appreciation supports $143,934 over five years. Five-year ROI reaches 61.37% and total cumulative return in cash sums $105,183. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,154/mo property income instead of your personal income.
Condo
Built in 2025
N/A 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: Erin Sullivan • Pulte Homes of New England
Mls Name: MLS PIN
Mls ID: #73455880