7 Greenbriar Dr APT 202, North Reading, MA, 01864 | $787/mo Cash Flow

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7 Greenbriar Dr APT 202, North Reading, MA, 01864 | $787/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in North Reading at 7 Greenbriar Dr APT 202, North Reading, MA, 01864 generates $2,987/mo in rent and, after a $1,708/mo payment, leaves $787/mo in cash flow. Total monthly income is $2,987/mo, and annual cash flow is $9,450/yr on $115,694 invested. Return on cash invested sits at 28.08% in year one, and rental yield is 10.27% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 146.82% and total cumulative return in cash sums $169,860. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,987/mo property income rather than buyer’s personal income.

Condo

Built in 1974

N/A lot

$N/A/sqft

No HOA

More details about the property

Be the first to live in this beautiful completely renovated 2 bedroom condo where everything is NEW! New Kitchen cabinets, New appliances, New quartz counter tops, New flooring throughout, New AC condenser and a completely NEW bathroom. Even the electrical box has been updated! During the summer months, take a swim in the POOL, lounge on your private balcony, or just relax and enjoy your Central AC. Unit has ample closet space with a huge bedroom walk-in closet. This PET FRIENDLY complex has plenty of PARKING, tennis courts, clubhouse, and in-building laundry. Heat and hot water are all included in the condo fee. Located close to all the shopping amenities in North Reading, with easy access to I93. Showings begin immediately.

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