149 Bridges LnNorth 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 149 Bridges Ln, North Andover, MA, 01845 with 5% annual appreciation on a $995,000 basis while $6,371/mo rent supports operations. Total monthly income totals $6,371/mo and a $4,870/mo payment preserves $100/mo for cash returns. Annual cash flow comes to $1,197/yr on $327,355 deployed, and return on cash invested reaches 20.43% in year one. Equity gained on principal adds $6,421/yr, and five-year appreciation sums $274,900 alongside rental yield of 7.68%. Five-year ROI measures 105.73% and total cumulative return in cash totals $346,110.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,371/mo property income versus a $4,870/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1983
1.03 Acres 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: Maureen Moran • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73408334