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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Danvers, MA
Listed for sale 5 days ago
$ 315,000
ROI
27.0
Cash Flow/m
631- 2 Bed
- 1 Bath
- 760 sft
57 Sylvan St APT 5D, Danvers, MA, 01923
Currently Rented
$ 359,900
ROI
21.4Cash Flow/m
160- 2 Bed
- 1 Bath
- 664 sft
34 Bayview Ter APT 5, Danvers, MA, 01923
Currently Rented
$ 339,974
ROI
22.4Cash Flow/m
253- 2 Bed
- 1 Bath
- 772 sft
6 Venice St APT B3, Danvers, MA, 01923
$ 319,000
ROI
21.6Cash Flow/m
165- 1 Bed
- 1 Bath
- 540 sft
6 McDewell Ave APT 4, Danvers, MA, 01923
Why Invest in Danvers, Massachusetts?
Investing in Danvers, MA condos offers a unique opportunity to tap into the growing rental market with a solid average ROI around 6%. With a rental yield of approximately 5.5% and stable cap rates near 4.8%, condos provide reliable cash flow for investors. Danvers benefits from a steady appreciation rate of about 3.2% annually, supported by a strong renter-occupied rate near 55%. Government data highlights a growing economy and a positive real estate trend, making condos an attractive asset class here.
6%
Avg. ROI
5.5%
Rental Yield
4.8%
Cap Rate
$350/mo
Avg. Cash Flow
$1900/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Danvers is approximately 5.5%, reflecting a healthy rental market for investors.
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