7 Hickory LnNorth ReadingMA01864
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
Investment Highlights
Investment property for sale in North Reading at 7 Hickory Ln, North Reading, MA, 01864 at $700,000 posts ROI 23.05% with $574/mo cash flow from $4,986/mo rent. Total monthly income equals $4,986/mo, and annual cash flow records $6,890/yr on $230,300 to close. Return on cash invested measures 23.05% and rental yield reads 8.55% at the current $700,000. Equity gained on principal adds $4,517/yr, and 5% annual appreciation supports $193,397 by year five. Five-year ROI prints 119.83% and total cumulative return in cash totals $275,968.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,986/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
0.46 Acres 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: Lisa Santilli • Classified Realty Group
Mls Name: MLS PIN
Mls ID: #73438030