497 S Main StAndoverMA01810
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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 497 S Main St, Andover, MA, 01810 priced at $864,100 converts $4,782/mo rent into after a $4,229/mo obligation. Total monthly income equals $4,782/mo. Return on cash invested prints 17.26% in year one, and rental yield reads 6.64% against a $864,100 entry. Equity gained on principal adds $5,576/yr, while 5% annual appreciation compiles into $238,735 by year five. Five-year ROI reaches 88.75% and total cumulative return in cash sums $252,308. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,782/mo property income covering a $4,229/mo payment, not borrower’s personal income.
Single Family
Built in 1908
1.20 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
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Listed by: N/A • N/A
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