Lincoln Plan, Martins LandingNorth ReadingMA01864
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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 North Reading at Lincoln Plan, Martins Landing, North Reading, MA, 01864 uses $221,415 cash to close to unlock $3,326/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $4,519/mo, and a $3,294/mo payment keeps the spread at $277/mo. Purchase price stands at $672,995, and rental yield measures 8.06% with $4,519/mo rent. Return on cash invested shows 21.56% in year one, and 5% annual appreciation builds toward $185,936 over five years. Five-year ROI reaches 111.84% and total cumulative return in cash records $247,629. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,519/mo property income covering a $3,294/mo payment rather than investor’s personal income.
Condo
Built in 2024
N/A 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
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Listed by: N/A • Pulte Homes
Mls Name: Pulte
Mls Provider:
Mls ID: #N/A