Condo Investment Properties for Sale in Danvers, MA
$ 314,900
ROI
23.2
Cash Flow/m
305- 1 Bed
- 1 Bath
- 464 sft
57 Sylvan St APT 2A, Danvers, MA, 01923
$ 229,000
ROI
25.1Cash Flow/m
340- 1 Bed
- 1 Bath
- 327 sft
6 Venice St APT F2, Danvers, MA, 01923
$ 539,000
ROI
23.7Cash Flow/m
541- 2 Bed
- 2 Bath
- 1563 sft
11 Cherry St Unit 3, Danvers, MA, 01923
$ 329,900
ROI
24.9Cash Flow/m
475- 2 Bed
- 1 Bath
- 880 sft
83-83 R Hobart #B5, 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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