99 Grove 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 99 Grove St, Reading, MA, 01867 earns from $5,260/mo rent with a $5,506/mo payment. Total monthly income totals $5,260/mo. ROI tracks 14.34% on current figures, and rental yield reads 5.61% at a $1,125,000 purchase. Equity gained on principal adds $7,259/yr, and 5% annual appreciation supports $310,817 over five years. Five-year ROI reaches 73.06% and total cumulative return in cash sums $266,288. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,260/mo property income instead of your personal income.
Single Family
Built in 1961
0.34 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: Brody Murphy Novak Group • Douglas Elliman Real Estate - Park Plaza
Mls Name: MLS PIN
Mls ID: #73454722