33 Chestnut St #2AndoverMA01810
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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 Andover at 33 Chestnut St #2, Andover, MA, 01810 priced at $1,900,000 pairs $3,300/mo rent with after a $9,300/mo payment. Total monthly income equals $3,300/mo. Return on cash invested is 3.46% in year one, and rental yield stands at 2.08% on a $1,900,000 basis. Equity gained on principal adds $12,260/yr, and 5% annual appreciation accumulates to $524,935 by year five. Five-year ROI measures 14.68% and total cumulative return in cash reaches $90,375. For financing, Ziffy Mortgage’s DSCR program evaluates $3,300/mo property income against a $9,300/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1991
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,520
Single Family
10,438
Multi-Family
3,082
Businesses
1,365
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Listed by: The Sarkis Team • Douglas Elliman Real Estate - The Sarkis Team
Mls Name: MLS PIN
Mls ID: #73466307