7 Greenbriar Dr APT 304North ReadingMA01864
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 7 Greenbriar Dr APT 304, North Reading, MA, 01864 in North Reading: $3,113/mo in rent, $882/mo net, 10.55% gross yield, all on a $354,000 acquisition. The 1.96 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $97,804 in value, and $3,260/yr in principal paydown steadily builds equity. Projected total cumulative return: $191,160.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.0% |
| Monthly Cash Flow | $882 | $550 |
City averages based on North Reading market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,113 |
| Total Monthly Debt Service | $2,090 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Beth Sager Group • Keller Williams Realty Boston Northwest
Mls Name: MLS PIN
Mls ID: #73449972