12 Walker Rd APT 6, North Andover, MA, 01845 | $628/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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12 Walker Rd APT 6, North Andover, MA, 01845 | $628/mo Cash Flow | Ziffy

For Sale

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NMLS #2625701

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23 Edgelawn Ave APT 3, North Andover, MA, 01845

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 North Andover at 12 Walker Rd APT 6, North Andover, MA, 01845 priced at $339,000 pairs $2,764/mo rent with $628/mo cash flow after a $1,659/mo payment. Total monthly income equals $2,764/mo, and annual cash flow comes to $7,531/yr on $112,379 invested. Return on cash invested is 26.61% in year one, and rental yield stands at 9.78% on a $339,000 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 138.94% and total cumulative return in cash reaches $156,136. For financing, Ziffy Mortgage’s DSCR program evaluates $2,764/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1968

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated 2-bedroom condo tucked away in a quiet cul-de-sac at 12 Walker Rd. This inviting home features laminate floors throughout the spacious living room and bedrooms, a bright kitchen with upgraded cabinets and countertops, and a stylishly renovated full bath with modern tile, vanity, and finishes. Step out from the living room onto your private balcony overlooking the landscaped grounds. The community offers fantastic amenities including an inground pool, tennis courts, laundry facilities, and extra storage. With two common parking spaces, easy access to shopping, dining, and major routes, this condo blends comfort, convenience, and lifestyle. Move right in and enjoy!

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