3 Fernview Ave APT 8North AndoverMA01845
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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
Investment Highlights
Rental property for sale in North Andover at 3 Fernview Ave APT 8, North Andover, MA, 01845 offers $2,490/mo rent that, after a $1,405/mo payment, leaves $275/mo cash flow. Total monthly income is $2,490/mo, and annual cash flow is $3,298/yr on $95,141 cash. Return on cash invested measures 23.38% in year one, and rental yield stands at 10.41% at a $287,000 entry. Equity gained on principal adds $1,852/yr while 5% annual appreciation compounds into $79,293 by year five. Five-year ROI records 123.43% and total cumulative return in cash reaches $117,430. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,490/mo property income versus a $1,405/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1967
N/A lot
$N/A/sqft
$406 monthly 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
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Listed by: Wetherbee & DaSilva Group • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73349637
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