437 N Main St UNIT CAndoverMA01810
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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 Andover at 437 N Main St UNIT C, Andover, MA, 01810 offers $3,490/mo rent that, after a $2,691/mo payment, leaves $25/mo cash flow. Total monthly income is $3,490/mo, and annual cash flow is $295/yr on $180,917 cash. Return on cash invested measures 20.22% in year one, and rental yield stands at 7.62% at a $549,900 entry. Equity gained on principal adds $3,548/yr while 5% annual appreciation compounds into $151,927 by year five. Five-year ROI records 104.65% and total cumulative return in cash reaches $189,326. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,490/mo property income versus a $2,691/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2003
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: The Lucci Witte Team • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73419629