331 S Main StAndoverMA01810
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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
Investment property for sale in Andover at 331 S Main St, Andover, MA, 01810 listed at $790,000 pairs $6,617/mo rent with a $3,867/mo payment to leave $1,637/mo cash flow. Total monthly income runs $6,617/mo, and annual cash flow reaches $19,649/yr on $259,910 cash to close. Return on cash invested measures 27.62% in year one, and rental yield registers 10.05% at a $790,000 basis. Equity gained on principal adds $5,098/yr, and annual property appreciation at 5% supports $218,262 by year five. Five-year ROI tracks 144.31% and total cumulative return in cash totals $375,084. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,617/mo property income relative to a $3,867/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1813
1.01 Acres 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: Shlomi Geva • RE/MAX Andrew Realty Services
Mls Name: MLS PIN
Mls ID: #73433404