4 Summit Dr APT 413ReadingMA01867
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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 Reading at 4 Summit Dr APT 413, Reading, MA, 01867 uses $115,992 cash to close to unlock $12,495/yr annual cash flow and $1,041/mo monthly cash flow. Total monthly income runs $3,247/mo, and a $1,713/mo payment keeps the spread at $1,041/mo. Purchase price stands at $349,900, and rental yield measures 11.14% with $3,247/mo rent. Return on cash invested shows 30.68% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 160.79% and total cumulative return in cash records $186,498. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,247/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A 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: Mary Ann Quinn Group • Wilson Wolfe Real Estate
Mls Name: MLS PIN
Mls ID: #73415072