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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in North Andover at 360 Forest St, North Andover, MA, 01845 generates $3,891/mo in rent, after a $5,629/mo payment. Total monthly income is $3,891/mo. Return on cash invested sits at 9.56% in year one, and rental yield is 4.06% on a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 47.38% and total cumulative return in cash sums $176,553. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,891/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
3.17 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 01845, North Andover, MA area.
| 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 |
Residential
12,197
Single Family
8,665
Multi-Family
3,532
Businesses
1,177
Date | Event | Price |
|---|---|---|
| 2025-03-12 | Listed for sale | $1,150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $10156.00 | 5.13% | $915,800 | 16.04% |
| 2023-04-01 | $9660.00 | N/A | $789,200 | N/A |
| 2022-04-01 | $9660.00 | 6.63% | $789,200 | 23.45% |
Listed by: Marina Tramontozzi • True North Realty
Mls Name: MLS PIN
Mls ID: #73344531
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
