11 Andover StDanversMA01923
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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 Danvers at 11 Andover St, Danvers, MA, 01923 offers a 7.9% rental yield on a $729,900 purchase with $4,804/mo rent. Total monthly income registers $4,804/mo, and a $3,573/mo payment leaves $204/mo available for distribution. Annual cash flow reaches $2,449/yr on $240,137 to close, and return on cash invested stands at 21.08% in year one. Equity gained on principal adds $4,710/yr while 5% annual appreciation supports $201,658 over five years. Portfolio math shows five-year ROI at 109.25% and total cumulative return in cash at $262,351. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,804/mo property income against a $3,573/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
8,363 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01923, Danvers, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,985 (100%) |
| Owner Occupied HU | 8,185 (68.3%) |
| Renter Occupied HU | 3,242 (27.1%) |
| Vacant Housing Units | 558 ( 4.7%) |
| Median Home Value | $677,909 |
| Average Home Value | $714,250 |
Housing Distribution
Address Breakdown
Residential
11,546
Single Family
8,892
Multi-Family
2,654
Businesses
1,526
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Listed by: Robyn Renahan • Coldwell Banker Realty - Andovers/Readings Regional
Mls Name: MLS PIN
Mls ID: #73470600