194 Olympic LnNorth AndoverMA01845
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 194 Olympic Ln, North Andover, MA, 01845 offers $8,670/mo rent that, after a $4,436/mo payment, leaves $2,957/mo cash flow. Total monthly income is $8,670/mo, and annual cash flow is $35,490/yr on $298,206 cash. Return on cash invested measures 31.96% in year one, and rental yield stands at 11.48% at a $906,400 entry. Equity gained on principal adds $5,849/yr while 5% annual appreciation compounds into $250,422 by year five. Five-year ROI records 167.59% and total cumulative return in cash reaches $499,769. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,670/mo property income versus a $4,436/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
1.55 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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