281 Main St, North Andover, MA, 01845 | 4.31% 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 $4,849/mo, and a $6,608/mo payment. Purchase price stands at $1,350,000, and rental yield measures 4.31% with $4,849/mo rent. Return on cash invested shows 10.33% in year one, and 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 51.52% and total cumulative return in cash records $225,329. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,849/mo property income covering a $6,608/mo payment rather than investor’s personal income.

Single Family

Built in 1922

1.02 Acres 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