332 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
Rental property for sale in Andover at 332 S Main St, Andover, MA, 01810 priced at $1,279,999 pairs $5,591/mo rent with after a $6,265/mo payment. Total monthly income equals $5,591/mo. Return on cash invested is 13.2% in year one, and rental yield stands at 5.24% on a $1,279,999 basis. Equity gained on principal adds $8,260/yr, and 5% annual appreciation accumulates to $353,640 by year five. Five-year ROI measures 66.94% and total cumulative return in cash reaches $277,632. For financing, Ziffy Mortgage’s DSCR program evaluates $5,591/mo property income against a $6,265/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1916
1 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: Derek Greene • The Greene Realty Group
Mls Name: MLS PIN
Mls ID: #73421525