105 Elm St #A, Andover, MA, 01810 | 7.16% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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105 Elm St #A, Andover, MA, 01810 | 7.16% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Andover at 105 Elm St #A, Andover, MA, 01810 generates $5,606/mo in rent, after a $4,600/mo payment. Total monthly income is $5,606/mo. Return on cash invested sits at 18.83% in year one, and rental yield is 7.16% on a $939,900 entry. Equity gained on principal adds $6,065/yr, while 5% annual appreciation builds toward $259,677 over five years. Five-year ROI reaches 97.16% and total cumulative return in cash sums $300,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,606/mo property income rather than buyer’s personal income.

Single Family

Built in 1760

0.53 Acres lot

$N/A/sqft

No HOA

More details about the property

Located in the heart of downtown Andover, this completely renovated 1760s farmhouse combines timeless charm w/ ideal location. This warm 3 bedroom, 2 bath townhouse lives like a single-family home, but w/ less maintenance. Wide pine floors throughout. Enter through the sun-lit foyer; spacious living room and cozy home office are to your left. Next is den w/ wood-burning fireplace & Dutch door. Spacious kitchen features SS appliances, granite counters and center island. Adjacent dining room w/ cathedral ceiling; glass doors open to the outdoor living space w/ bluestone patio & fenced yard. A bath w/ laundry completes the 1st floor. Upstairs are 3 nicely sized bedrooms, incl. a primary w/ en-suite bath, and one other full bath. Basement and attic provide ample storage. Walking distance from Phillips Academy & upbeat vibe of downtown Andover. Restaurants, shopping, train station & grocery stores are minutes away. Opportunity to purchase furnished. Make this in-town gem yours.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01810, Andover, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,644 (100%)
Owner Occupied HU	9,997 (73.3%)
Renter Occupied HU	3,092 (22.7%)
Vacant Housing Units	555 ( 4.1%)
Median Home Value	$878,571
Average Home Value	$935,095