20-22 Florence St, Andover, MA, 01810 | 3.83% Rental Yield

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

Total monthly income runs $4,782/mo, and a $7,342/mo payment. Purchase price stands at $1,500,000, and rental yield measures 3.83% with $4,782/mo rent. Return on cash invested shows 8.83% in year one, and 5% annual appreciation builds toward $414,422 over five years. Five-year ROI reaches 43.5% and total cumulative return in cash records $211,415. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,782/mo property income covering a $7,342/mo payment rather than investor’s personal income.

Multi Family

Built in 1920

0.32 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