5 Greenbriar Dr APT 107North 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 5 Greenbriar Dr APT 107, North Reading, MA, 01864 uses $111,384 cash to close to unlock $4,630/yr annual cash flow and $386/mo monthly cash flow. Total monthly income runs $2,504/mo, and a $1,645/mo payment keeps the spread at $386/mo. Purchase price stands at $335,999, and rental yield measures 8.94% with $2,504/mo rent. Return on cash invested shows 24.07% in year one, and 5% annual appreciation builds toward $92,830 over five years. Five-year ROI reaches 125.27% and total cumulative return in cash records $139,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,504/mo property income covering a $1,645/mo payment rather than investor’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: Marjorie McCue • Lamacchia Realty, Inc.
Mls Name: MLS PIN
Mls ID: #73436066