4 Francis Dr #312AndoverMA01810
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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 4 Francis Dr #312, Andover, MA, 01810 uses $203,947 cash to close to unlock $8,460/yr annual cash flow and $705/mo monthly cash flow. Total monthly income runs $4,612/mo, and a $3,034/mo payment keeps the spread at $705/mo. Purchase price stands at $619,900, and rental yield measures 8.93% with $4,612/mo rent. Return on cash invested shows 24.21% in year one, and 5% annual appreciation builds toward $171,267 over five years. Five-year ROI reaches 126% and total cumulative return in cash records $256,964. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,612/mo property income covering a $3,034/mo payment rather than investor’s personal income.
Condo
Built in 2018
N/A 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: Linda Byers • DiPietro Group Real Estate
Mls Name: MLS PIN
Mls ID: #73472175