14 Summer St, Andover, MA, 01810 | $230/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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14 Summer St, Andover, MA, 01810 | $230/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 Andover at 14 Summer St, Andover, MA, 01810 offers $4,830/mo rent that, after a $3,573/mo payment, leaves $230/mo cash flow. Total monthly income is $4,830/mo, and annual cash flow is $2,761/yr on $240,137 cash. Return on cash invested measures 21.21% in year one, and rental yield stands at 7.94% at a $729,900 entry. Equity gained on principal adds $4,710/yr while 5% annual appreciation compounds into $201,658 by year five. Five-year ROI records 109.95% and total cumulative return in cash reaches $264,031. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,830/mo property income versus a $3,573/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

3,093 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming colonial home nestled in the heart of downtown Andover. As you enter, youre greeted by a spacious eat-in kitchen, perfect for family gatherings and casual meals. The formal living and dining rooms provide an inviting atmosphere for entertaining guests, complete with plenty of natural light and character details. On the second floor, youll find three generously sized bedrooms, each offering a cozy retreat. They share an updated full bath, thoughtfully designed for both style and functionality. For added convenience and endless possibilities, the walk-up attic is ideal for future expansion or simply for storage needs. Updates include a Buderus heating system, newer siding, shed and owned solar panelsmaking it an eco-friendly choice for todays homeowner. Enjoy quiet mornings and vibrant seasons on your charming front porch or relax in the cozy backyard that completes this property. This gem truly offers the best of downtown living and just steps to downtown!

Neighborhood Data

Neighborhood data shown for ZIP Code: 01810, Andover, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,644 (100%)
Owner Occupied HU	9,997 (73.3%)
Renter Occupied HU	3,092 (22.7%)
Vacant Housing Units	555 ( 4.1%)
Median Home Value	$878,571
Average Home Value	$935,095