16 Carmel Rd, Andover, MA, 01810 | 7.41% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

6 Bed
4 Bath
2913 sft

15 Talmuth Ave, Haverhill, MA, 01830

2 Bed
2 Bath
1131 sft

62 Sacramento St #62, Cambridge, MA, 02138

3 Bed
2 Bath
2290 sft

9 School St, Boxford, MA, 01921

4 Bed
3 Bath
2366 sft

4 Elmer Drive, Nashua, NH, 03062

Nearby investment properties with comparable prices

4 Bed
3 Bath
3224 sft

4 Elijah Hill Lane, Londonderry, NH, 03053

3 Bed
2 Bath
1677 sft

380 Vernon St, Wakefield, MA, 01880

3 Bed
3 Bath
2832 sft

85 Mill St, Revere, MA, 02151

4 Bed
2 Bath
1856 sft

6 Bradshaw St, Medford, MA, 02155

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Andover at 16 Carmel Rd, Andover, MA, 01810 generates $5,798/mo in rent, after a $4,596/mo payment. Total monthly income is $5,798/mo. Return on cash invested sits at 19.59% in year one, and rental yield is 7.41% on a $939,000 entry. Equity gained on principal adds $6,059/yr, while 5% annual appreciation builds toward $259,428 over five years. Five-year ROI reaches 101.26% and total cumulative return in cash sums $312,820. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,798/mo property income rather than buyer’s personal income.

Single Family

Built in 1958

0.37 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 01810, Andover, MA area.

Housing Distribution

Housing Statistics

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