40 Fernview Ave APT 11, North Andover, MA, 01845 | $821/mo Cash Flow

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40 Fernview Ave APT 11, North Andover, MA, 01845 | $821/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in North Andover at 40 Fernview Ave APT 11, North Andover, MA, 01845 listed at $319,000 pairs $2,831/mo rent with a $1,561/mo payment to leave $821/mo cash flow. Total monthly income runs $2,831/mo, and annual cash flow reaches $9,849/yr on $105,749 cash to close. Return on cash invested measures 29.22% in year one, and rental yield registers 10.65% at a $319,000 basis. Equity gained on principal adds $2,058/yr, and annual property appreciation at 5% supports $88,134 by year five. Five-year ROI tracks 152.95% and total cumulative return in cash totals $161,737. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,831/mo property income relative to a $1,561/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1967

40.80 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to Heritage Green Condominium, a bright and inviting 2-bedroom, 1-bath unit located on the top floor for added privacy. This home features a newly updated balcony, perfect for enjoying your morning coffee. Inside, you will find a spacious living area and updated bathroom. The community offers amenities such as a swimming pool, tennis, basketball courts, playground, fitness room, and clubhouse. Located near major routes (Rt. 495, Rt. 93, Rt. 114), shopping, restaurants, and the commuter rail, Heritage Green offers both comfort and convenience.

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