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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Andover at 150 Salem St, Andover, MA, 01810 at $1,999,000 posts ROI 4.09% with from $3,812/mo rent. Total monthly income equals $3,812/mo. Return on cash invested measures 4.09% and rental yield reads 2.29% at the current $1,999,000. Equity gained on principal adds $12,899/yr, and 5% annual appreciation supports $552,287 by year five. Five-year ROI prints 18.06% and total cumulative return in cash totals $116,957. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,812/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 01810, Andover, MA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,644 (100%) |
| Owner Occupied HU | 9,997 (73.3%) |
| Renter Occupied HU | 3,092 (22.7%) |
| Vacant Housing Units | 555 ( 4.1%) |
| Median Home Value | $878,571 |
| Average Home Value | $935,095 |
Residential
13,520
Single Family
10,438
Multi-Family
3,082
Businesses
1,365
Date | Event | Price |
|---|---|---|
| 2025-01-14 | Listed for sale | $1,999,000 |
| 2025-01-01 | Listing removed | $2,099,999 |
| 2024-11-19 | Price change | $2,099,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | $9508.00 | 4.70% | $738,200 | 11.04% |
| 2023-02-14 | $9081.00 | N/A | $664,800 | N/A |
| 2022-02-14 | $9081.00 | 9.74% | $664,800 | 22.84% |
Listed by: The Carroll Group • RE/MAX Partners
Mls Name: MLS PIN
Mls ID: #73326073
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
