46 Main St APT 5North 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
Rental property for sale in North Reading at 46 Main St APT 5, North Reading, MA, 01864 generates $3,017/mo in rent and, after a $1,799/mo payment, leaves $700/mo in cash flow. Total monthly income is $3,017/mo, and annual cash flow is $8,405/yr on $121,826 invested. Return on cash invested sits at 26.81% in year one, and rental yield is 9.85% on a $367,500 entry. Equity gained on principal adds $2,371/yr, while 5% annual appreciation builds toward $101,533 over five years. Five-year ROI reaches 140.01% and total cumulative return in cash sums $170,568. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,017/mo property income rather than buyer’s personal income.
Condo
Built in 1974
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: Holleigh Tlapa • eXp Realty
Mls Name: MLS PIN
Mls ID: #73426644