3 Walker Rd APT 1, North Andover, MA, 01845 | $160/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3 Walker Rd APT 1, North Andover, MA, 01845 | $160/mo Cash Flow | Ziffy

For Sale

Currently Rented

Fix & Flip

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

Rental property for sale in North Andover at 3 Walker Rd APT 1, North Andover, MA, 01845 priced at $279,900 converts $1,924/mo rent into $160/mo cash flow after a $1,370/mo obligation. Total monthly income equals $1,924/mo, and annual cash flow totals $1,918/yr on $92,787 invested. Return on cash invested prints 21.98% in year one, and rental yield reads 8.25% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 114.07% and total cumulative return in cash sums $105,841. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,924/mo property income covering a $1,370/mo payment, not borrower’s personal income.

Condo

Built in 1968

N/A lot

$N/A/sqft

No HOA

More details about the property

This freshly painted two-bedroom, one-bathroom garden-style condo offers easy, low-maintenance living in the sought-after Meadow View Community. The open-concept kitchen and living room create a comfortable flow, perfect for both relaxing and entertaining. This is an excellent opportunity for an investor or savvy homebuyer looking to add equity through simple cosmetic updates. Enjoy a professionally managed, well-maintained complex featuring on-site laundry, a tennis court, and a sparkling pool. Ideally located near dining, shopping, and outdoor trails, with convenient access to the MBTA commuter rail and major highways for an easy commute. Open house Saturday 8/23 11-1 and Sunday 8/24 12-2.

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