38 Lincoln Cir EAndoverMA01810
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 38 Lincoln Cir E, Andover, MA, 01810 priced at $1,988,000 converts $4,038/mo rent into after a $9,730/mo obligation. Total monthly income equals $4,038/mo. Return on cash invested prints 4.55% in year one, and rental yield reads 2.44% against a $1,988,000 entry. Equity gained on principal adds $12,828/yr, while 5% annual appreciation compiles into $549,248 by year five. Five-year ROI reaches 20.53% and total cumulative return in cash sums $132,260. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,038/mo property income covering a $9,730/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.85 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Peggy Patenaude Team • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73395853