23 Michael Way #35, Andover, MA, 01810 | 5.66% Rental Yield

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23 Michael Way #35, Andover, MA, 01810 | 5.66% Rental Yield | Ziffy

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

Investment property for sale in Andover at 23 Michael Way #35, Andover, MA, 01810 offers a 5.66% rental yield on a $699,900 purchase with $3,300/mo rent. 27% in year one. Equity gained on principal adds $4,516/yr while 5% annual appreciation supports $193,369 over five years. Portfolio math shows five-year ROI at 72.71% and total cumulative return in cash at $167,432. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,300/mo property income against a $3,426/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 1989

N/A lot

$N/A/sqft

No HOA

More details about the property

Step into light and luxury with this stunning end-unit townhouse in a highly sought-after community. Designed with open, airy spaces and soaring cathedral ceilings, this home invites sunlight into every corner. The first-floor primary suite adds ease and privacy, complemented by hardwood floors throughout the main level, another bedroom, full bath and laundry room complete the first floor. A white-cabinet kitchen opens to a bright dining area and deck, perfect for morning coffee or evening gatherings. The attached garage and unfinished walk-out basement provide both convenience and potential for future expansion. Perfectly positioned for those seeking a low-maintenance lifestyle with room to grow. This beautifully maintained end-unit townhouse offers the perfect balance of sophistication and comfort in a popular, convenient location - centrally located and very close to town.

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