71 Wescroft RdReadingMA01867
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
Rental property for sale in Reading at 71 Wescroft Rd, Reading, MA, 01867 priced at $649,000 converts $4,384/mo rent into $293/mo cash flow after a $3,177/mo obligation. Total monthly income equals $4,384/mo, and annual cash flow totals $3,516/yr on $213,521 invested. Return on cash invested prints 21.71% in year one, and rental yield reads 8.11% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 112.59% and total cumulative return in cash sums $240,408. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,384/mo property income covering a $3,177/mo payment, not borrower’s personal income.
Single Family
Built in 1951
8,002 sqft 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: Barry Brown • Coldwell Banker Realty - Westford
Mls Name: MLS PIN
Mls ID: #73428069