2 Nollet DrAndoverMA01810
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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 Andover at 2 Nollet Dr, Andover, MA, 01810 generates $5,519/mo in rent, after a $9,054/mo payment. Total monthly income is $5,519/mo. Return on cash invested sits at 8.08% in year one, and rental yield is 3.58% on a $1,849,900 entry. Equity gained on principal adds $11,937/yr, while 5% annual appreciation builds toward $511,093 over five years. Five-year ROI reaches 39.44% and total cumulative return in cash sums $236,394. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,519/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
1 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 |
Housing Distribution
Address Breakdown
Residential
13,520
Single Family
10,438
Multi-Family
3,082
Businesses
1,365
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Listed by: Team Lillian Montalto • Lillian Montalto Signature Properties
Mls Name: MLS PIN
Mls ID: #73420989