360 Andover St UNIT 1310DanversMA01923
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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 Danvers at 360 Andover St UNIT 1310, Danvers, MA, 01923 earns $1/mo cash flow from $4,092/mo rent with a $3,177/mo payment. Total monthly income totals $4,092/mo, and annual cash flow totals $12/yr on $213,521 capital. ROI tracks 20.07% on current figures, and rental yield reads 7.57% at a $649,000 purchase. Equity gained on principal adds $4,188/yr, and 5% annual appreciation supports $179,307 over five years. Five-year ROI reaches 103.79% and total cumulative return in cash sums $221,616. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,092/mo property income instead of your personal income.
Townhouse
Built in 2013
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01923, Danvers, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,985 (100%) |
| Owner Occupied HU | 8,185 (68.3%) |
| Renter Occupied HU | 3,242 (27.1%) |
| Vacant Housing Units | 558 ( 4.7%) |
| Median Home Value | $677,909 |
| Average Home Value | $714,250 |
Housing Distribution
Address Breakdown
Residential
11,546
Single Family
8,892
Multi-Family
2,654
Businesses
1,526
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Listed by: Joanne Rodrigues • Redfin Corp.
Mls Name: MLS PIN
Mls ID: #73465341