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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in North Andover at 23 Edgelawn Ave APT 3, North Andover, MA, 01845 at $338,900 posts ROI 23.44% with $331/mo cash flow from $2,950/mo rent. Total monthly income equals $2,950/mo, and annual cash flow records $3,969/yr on $112,345 to close. Return on cash invested measures 23.44% and rental yield reads 10.45% at the current $338,900. Equity gained on principal adds $2,187/yr, and 5% annual appreciation supports $93,632 by year five. Five-year ROI prints 123.8% and total cumulative return in cash totals $139,089.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,950/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1967
N/A lot
$N/A/sqft
$483 monthly HOA
Neighborhood data shown for ZIP Code: 01845, North Andover, MA area.
| 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 |
Residential
12,197
Single Family
8,665
Multi-Family
3,532
Businesses
1,177
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $338,900 |
| 2017-08-11 | Sold | $194,000 |
| 2017-06-22 | Pending sale | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-24 | $3030.00 | 9.39% | $273,200 | 20.72% |
| 2023-03-24 | $2770.00 | N/A | $226,300 | N/A |
| 2022-03-24 | $2770.00 | -2.88% | $226,300 | 12.42% |
Listed by: Rajive Dogra • Coldwell Banker Realty - Lexington
Mls Name: MLS PIN
Mls ID: #73348513
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
