148 Main St APT A510, North Andover, MA, 01845 | $752/mo Cash Flow

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148 Main St APT A510, North Andover, MA, 01845 | $752/mo Cash Flow | Ziffy

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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 A510, North Andover, MA, 01845 offers a 9.84% rental yield on a $395,700 purchase with $3,246/mo rent. Total monthly income registers $3,246/mo, and a $1,937/mo payment leaves $752/mo available for distribution. Annual cash flow reaches $9,021/yr on $131,175 to close, and return on cash invested stands at 26.79% in year one. Equity gained on principal adds $2,553/yr while 5% annual appreciation supports $109,325 over five years. Portfolio math shows five-year ROI at 139.87% and total cumulative return in cash at $183,478. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,246/mo property income against a $1,937/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1994

N/A lot

$N/A/sqft

No HOA

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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