114 Beverly StNorth AndoverMA01845
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in North Andover at 114 Beverly St, North Andover, MA, 01845 priced at $524,900 converts $3,839/mo rent into $531/mo cash flow after a $2,569/mo obligation. Total monthly income equals $3,839/mo, and annual cash flow totals $6,369/yr on $172,692 invested. Return on cash invested prints 23.75% in year one, and rental yield reads 8.78% against a $524,900 entry. Equity gained on principal adds $3,387/yr, while 5% annual appreciation compiles into $145,020 by year five. Five-year ROI reaches 123.54% and total cumulative return in cash sums $213,337. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,839/mo property income covering a $2,569/mo payment, not borrower’s personal income.
Single Family
Built in 1930
7,693 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01845, North Andover, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,358 (100%) |
| Owner Occupied HU | 8,307 (67.2%) |
| Renter Occupied HU | 3,501 (28.3%) |
| Vacant Housing Units | 550 ( 4.5%) |
| Median Home Value | $773,736 |
| Average Home Value | $807,808 |
Housing Distribution
Address Breakdown
Residential
12,197
Single Family
8,665
Multi-Family
3,532
Businesses
1,177
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew McLennan • Century 21 McLennan & Company
Mls Name: MLS PIN
Mls ID: #73435468