32 Cabot Rd, North Andover, MA, 01845 | 7.15% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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32 Cabot Rd, North Andover, MA, 01845 | 7.15% 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

Rental property for sale in North Andover at 32 Cabot Rd, North Andover, MA, 01845 priced at $729,000 converts $4,346/mo rent into after a $3,568/mo obligation. Total monthly income equals $4,346/mo. Return on cash invested prints 18.82% in year one, and rental yield reads 7.15% against a $729,000 entry. Equity gained on principal adds $4,704/yr, while 5% annual appreciation compiles into $201,409 by year five. Five-year ROI reaches 97.1% and total cumulative return in cash sums $232,896. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,346/mo property income covering a $3,568/mo payment, not borrower’s personal income.

Single Family

Built in 1927

9,601 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming and spacious home in North Andovers desirable Library District. Fully remodeled in 2019, this home offers 45 bedrooms, 2 updated full baths, enclosed front and back porches, and a flexible layout which lends itself to many lifestyles. The eat-in kitchen features quartz countertops, stainless appliances, pantry and a breakfast nook. Living and dining areas include original built-ins, window seat, and fireplace. First-floor bedroom and full bath plus a office/den that can serve as a 5th bedroom. Upstairs there are 3 bedrooms and a full bath and a bonus/dressing room. Newer 2-zone gas furnace with central air, updated electrical, and exterior paint (2019). Brand-new hot water heater (2025). Outside, you'll find a garden area and the detached barn/garage with loft awaiting your ideas. Walkable location, just over half a mile to downtown shops and restaurants. A move-in-ready home with loads of character and space to personalize! Open House Sun 1-3! Offer deadline Monday @5pm!

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