120 Gray StNorth AndoverMA01845
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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 North Andover at 120 Gray St, North Andover, MA, 01845 offers a 9.65% rental yield on a $1,077,700 purchase with $8,670/mo rent. Total monthly income registers $8,670/mo, and a $5,275/mo payment leaves $1,877/mo available for distribution. Annual cash flow reaches $22,527/yr on $349,175 to close, and return on cash invested stands at 26.82% in year one. Equity gained on principal adds $6,954/yr while 5% annual appreciation supports $297,749 over five years. Portfolio math shows five-year ROI at 139.97% and total cumulative return in cash at $488,750. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,670/mo property income against a $5,275/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
1.06 Acres 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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Nearby investment properties with comparable prices
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