4 Harvest Dr #225North AndoverMA01845
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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 North Andover at 4 Harvest Dr #225, North Andover, MA, 01845 generates $3,600/mo in rent and, after a $2,268/mo payment, leaves $273/mo in cash flow. Total monthly income is $3,600/mo, and annual cash flow is $3,270/yr on $153,584 invested. Return on cash invested sits at 22.04% in year one, and rental yield is 9.32% on a $463,300 entry. Equity gained on principal adds $2,990/yr, while 5% annual appreciation builds toward $128,001 over five years. Five-year ROI reaches 115.56% and total cumulative return in cash sums $177,485. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,600/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$407 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01845, North Andover, MA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
12,197
Single Family
8,665
Multi-Family
3,532
Businesses
1,177
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Listed by: N/A • N/A
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