11 Spring St, Danvers, MA, 01923 | $412/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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11 Spring St, Danvers, MA, 01923 | $412/mo Cash Flow | 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 Danvers at 11 Spring St, Danvers, MA, 01923 priced at $899,900 pairs $6,084/mo rent with $412/mo cash flow after a $4,405/mo payment. Total monthly income equals $6,084/mo, and annual cash flow comes to $4,940/yr on $296,067 invested. Return on cash invested is 21.73% in year one, and rental yield stands at 8.11% on a $899,900 basis. Equity gained on principal adds $5,807/yr, and 5% annual appreciation accumulates to $248,626 by year five. Five-year ROI measures 112.72% and total cumulative return in cash reaches $333,712. For financing, Ziffy Mortgage’s DSCR program evaluates $6,084/mo property income against a $4,405/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1965

0.72 Acres lot

$N/A/sqft

No HOA

More details about the property

Located in the desirable St. John's Prep area of Danvers, this expanded split entry home is set back from the road on a serene 3/4 acre lot, offering exceptional space, privacy, and a true sense of retreat. The main level features an open layout with hardwood flooring, five spacious bedrooms, and two full baths, enchanced by beautiful backyard views. The adaptable walk out lower level includes a complete in law suite, ideal for multi generational living, or flexible bonus space. A large deck overlooks a peaceful pond, great for morning coffee, summer barbecues, or quiet evenings. Featuring a two-car garage and a prime location, close to everything Danvers has to offer. This home combines versatility, comfort, and spacious living. Truly a rare find.

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