148 Main St APT A307, North Andover, MA, 01845 | $992/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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148 Main St APT A307, North Andover, MA, 01845 | $992/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

Investment property for sale in North Andover at 148 Main St APT A307, North Andover, MA, 01845 uses $129,285 cash to close to unlock $11,901/yr annual cash flow and $992/mo monthly cash flow. Total monthly income runs $3,450/mo, and a $1,909/mo payment keeps the spread at $992/mo. Purchase price stands at $390,000, and rental yield measures 10.62% with $3,450/mo rent. Return on cash invested shows 29.11% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 152.36% and total cumulative return in cash records $196,976. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,450/mo property income covering a $1,909/mo payment rather than investor’s personal income.

Condo

Built in 1994

N/A lot

$N/A/sqft

No HOA

More details about the property

Best deal at Sutton Pond! Seller has paid the $28,000 special assessment in full! This spacious, fully-applianced third-floor home, in one of the area's most desirable communities, combines modern convenience with unbeatable value! Step inside to find newer appliances, updated flooring and Anderson double-hung windows - just a few of the many improvements! The thoughtful layout includes a comfortable primary suite with private bath, generous closets and an open-concept living/dining area perfect for everyday living or entertaining. The building is served by a convenient elevator - a rare find in condo developments - plus a secured storage unit and assigned parking for peace of mind. Enjoy on-site amenities including a clubhouse, fitness center, and sauna area. With a reasonable condo fee and a long list of improvements, this home truly stands out as the best value in Sutton Pond. Don't miss your chance to make this home yours! Welcome Home!

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