577 Summer AveReadingMA01867
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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 577 Summer Ave, Reading, MA, 01867 listed at $824,850 pairs $4,408/mo rent with a $4,037/mo payment. Total monthly income runs $4,408/mo. Return on cash invested measures 16.56% in year one, and rental yield registers 6.41% at a $824,850 basis. Equity gained on principal adds $5,323/yr, and annual property appreciation at 5% supports $227,891 by year five. Five-year ROI tracks 85.02% and total cumulative return in cash totals $230,734. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,408/mo property income relative to a $4,037/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.62 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: Carol Fontana • RE/MAX Andrew Realty Services
Mls Name: MLS PIN
Mls ID: #73437787