148 Main St APT O506, North Andover, MA, 01845 | $460/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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148 Main St APT O506, North Andover, MA, 01845 | $460/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 O506, North Andover, MA, 01845 offers a 8.94% rental yield on a $400,000 purchase with $2,981/mo rent. Total monthly income registers $2,981/mo, and a $1,958/mo payment leaves $460/mo available for distribution. Annual cash flow reaches $5,516/yr on $132,600 to close, and return on cash invested stands at 24.07% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 125.3% and total cumulative return in cash at $166,144. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,981/mo property income against a $1,958/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

More details about the property

When opportunity knocks - will you answer? The heart of this top floor home is the galley style kitchen, where modern cabinets, granite counters, stainless appliances and ample storage make meal preparation a joy. The living room the perfect space for entertaining friends or enjoying quiet evenings at home, blending modern comfort and the exposed brick wall for warmth and character. Large windows with plantation shutters flood the space with natural light and views of Osgood Pond. Retreat to the bedroom where the spacious layout accommodates a king-size bed, and built-in storage to ensure a clutter-free sanctuary. Both bathrooms are tastefully updated to elevate your daily routines. The oversized laundry room provides ample storage, or even a home-office. Dont miss your chance to embrace a lifestyle of comfort, style, and inspiration. Close to downtown shops and restaurants. ** No access from Main St - go to 88 High St, follow signs to Sutton Pond Condominiums.

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