Under $500K Investment Properties for Sale in Andover, MA
392- 3 Bed
- 2 Bath
- 1312 sft
412- 2 Bed
- 1 Bath
- 1154 sft
217- 1 Bed
- 1 Bath
- 615 sft
228- 1 Bed
- 1 Bath
- 680 sft
Why Invest in Andover, Massachusetts?
Investing in Andover, MA properties under $500k offers a unique opportunity to tap into a stable and growing real estate market. The area boasts an average ROI of 6.2%, with rental yields around 5.5%, and cap rates near 4.5%. With average cash flow of $350 monthly and average rent of $1,800, properties here are appealing for investors seeking steady appreciation and renter occupancy of 52%. Andover's thriving local economy and excellent infrastructure support consistent demand for rentals.
Frequently Asked Questions
Properties under $500k in Andover typically include smaller single-family homes, townhouses, and some condominiums. These options are ideal for first-time investors or those seeking steady rental income in a strong market.
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