8 Greenwood RdReadingMA01867
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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 8 Greenwood Rd, Reading, MA, 01867 at $889,900 posts ROI 22.83% with $675/mo cash flow from $6,284/mo rent. Total monthly income equals $6,284/mo, and annual cash flow records $8,097/yr on $292,777 to close. Return on cash invested measures 22.83% and rental yield reads 8.47% at the current $889,900. Equity gained on principal adds $5,742/yr, and 5% annual appreciation supports $245,863 by year five. Five-year ROI prints 118.6% and total cumulative return in cash totals $347,229.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,284/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1957
0.41 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: Maura Caporale • Charlesgate Realty Group LLC
Mls Name: MLS PIN
Mls ID: #73437642