115 Mill Pond UNIT 115North AndoverMA01845
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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 115 Mill Pond UNIT 115, North Andover, MA, 01845 generates $4,566/mo in rent and, after a $3,181/mo payment, leaves $470/mo in cash flow. Total monthly income is $4,566/mo, and annual cash flow is $5,637/yr on $213,817 invested. Return on cash invested sits at 22.7% in year one, and rental yield is 8.43% on a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,555 over five years. Five-year ROI reaches 117.91% and total cumulative return in cash sums $252,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,566/mo property income rather than buyer’s personal income.
Townhouse
Built in 1976
3,210 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
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Listed by: Krystal Solimine • RE/MAX Partners
Mls Name: MLS PIN
Mls ID: #73454685