183 Massachusetts AveNorth 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
Rental property for sale in North Andover at 183 Massachusetts Ave, North Andover, MA, 01845 generates $3,858/mo in rent, after a $3,304/mo payment. Total monthly income is $3,858/mo. Return on cash invested sits at 17.92% in year one, and rental yield is 6.86% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 92.28% and total cumulative return in cash sums $204,939. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,858/mo property income rather than buyer’s personal income.
Multi Family
Built in 1956
5,001 sqft 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: Melissa Silva • RE/MAX Beacon
Mls Name: MLS PIN
Mls ID: #73434819