19 Fernview Ave APT 5, North Andover, MA, 01845 | $171/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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19 Fernview Ave APT 5, North Andover, MA, 01845 | $171/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in North Andover at 19 Fernview Ave APT 5, North Andover, MA, 01845 at $275,000 posts ROI 22.16% with $171/mo cash flow from $1,904/mo rent. Total monthly income equals $1,904/mo, and annual cash flow records $2,049/yr on $91,163 to close. Return on cash invested measures 22.16% and rental yield reads 8.31% at the current $275,000. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 by year five. Five-year ROI prints 115.06% and total cumulative return in cash totals $104,891.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,904/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 1967

N/A lot

$N/A/sqft

No HOA

More details about the property

This 2-bedroom, 1-bath garden-style unit is located in Heritage Green and sits on the top floor at the front of the complex. The balcony overlooks a wooded area, offering a more private view than many units. The complex is centrally located with quick access to I-495 and I-93, which makes commuting simple. Inside, the unit opens to an open-concept living room with vinyl flooring and a slider to the balcony. The living area connects to the eat-in kitchen, which provides plenty of cabinetry, gas cooking, and a tile backsplash. Both bedrooms offer good space and practical layouts. A full bath completes the interior. Heritage Green is pet-friendly and offers ample parking along with several on-site amenities, including a swimming pool, tennis court, playground, basketball court, gym, and a function room. The building has a lower-level laundry room, and there is additional storage space in the attic. The condo fee includes heat, hot water, water, and sewer, making the overall costs easy.

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