1401 Great Pond Rd APT 14North 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 1401 Great Pond Rd APT 14, North Andover, MA, 01845 uses $116,423 cash to close to unlock $2,249/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $2,759/mo, and a $1,719/mo payment keeps the spread at $187/mo. Purchase price stands at $351,200, and rental yield measures 9.43% with $2,759/mo rent. Return on cash invested shows 21.84% in year one, and 5% annual appreciation builds toward $97,030 over five years. Five-year ROI reaches 114.72% and total cumulative return in cash records $133,555. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,759/mo property income covering a $1,719/mo payment rather than investor’s personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
$358 monthly 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: N/A • N/A
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