148 Main St APT S327North 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 148 Main St APT S327, North Andover, MA, 01845 listed at $379,000 pairs $3,430/mo rent with a $1,855/mo payment to leave $1,041/mo cash flow. Total monthly income runs $3,430/mo, and annual cash flow reaches $12,495/yr on $125,639 cash to close. Return on cash invested measures 29.85% in year one, and rental yield registers 10.86% at a $379,000 basis. Equity gained on principal adds $2,446/yr, and annual property appreciation at 5% supports $104,711 by year five. Five-year ROI tracks 156.34% and total cumulative return in cash totals $196,427. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,430/mo property income relative to a $1,855/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1994
N/A lot
$N/A/sqft
No 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: John E. Walsh • JW Real Estate, LLC
Mls Name: MLS PIN
Mls ID: #73435003