2 Walker Rd APT 4North 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 2 Walker Rd APT 4, North Andover, MA, 01845 generates $2,492/mo in rent and, after a $1,366/mo payment, leaves $733/mo in cash flow. Total monthly income is $2,492/mo, and annual cash flow is $8,797/yr on $92,489 invested. Return on cash invested sits at 29.42% in year one, and rental yield is 10.72% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 154.04% and total cumulative return in cash sums $142,471. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,492/mo property income rather than buyer’s personal income.
Condo
Built in 1968
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sadie Guichard • EXIT Assurance Realty
Mls Name: MLS PIN
Mls ID: #73470760