77 Mount Vernon StReadingMA01867
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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 77 Mount Vernon St, Reading, MA, 01867 offers a 6.39% rental yield on a $779,000 purchase with $4,150/mo rent. 5% in year one. Equity gained on principal adds $5,027/yr while 5% annual appreciation supports $215,223 over five years. Portfolio math shows five-year ROI at 84.68% and total cumulative return in cash at $217,022. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,150/mo property income against a $3,813/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
0.26 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: Karen Herrick • RE/MAX Encore
Mls Name: MLS PIN
Mls ID: #73447873