5 Castle Heights Rd, Andover, MA, 01810 | $15/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5 Castle Heights Rd, Andover, MA, 01810 | $15/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

Rental property for sale in Andover at 5 Castle Heights Rd, Andover, MA, 01810 priced at $729,900 converts $4,615/mo rent into $15/mo cash flow after a $3,573/mo obligation. Total monthly income equals $4,615/mo, and annual cash flow totals $181/yr on $240,137 invested. Return on cash invested prints 20.14% in year one, and rental yield reads 7.59% against a $729,900 entry. Equity gained on principal adds $4,710/yr, while 5% annual appreciation compiles into $201,658 by year five. Five-year ROI reaches 104.19% and total cumulative return in cash sums $250,207. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,615/mo property income covering a $3,573/mo payment, not borrower’s personal income.

Single Family

Built in 1959

0.27 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming Sprawling Ranch in prime Location! don't miss this opportunity to own a beautiful ranch home in sought-after area, just minutes from downtown, shopping, restaurants, and major highways. This spacious home boasts 7 rooms, 3 bedrooms, 2 full baths, and convenient 2 car garage! Step inside and discover a welcoming eat in kitchen, ideal for cooking and entertaining. The dining room boasts a built in china closet, adding a touch of elegance for those special occasions. Relax in the cozy fireplaced living room perfect for chilly evenings. Need an in home office, utilize the versatile laundry room as an office or craft room to suit your needs. The full basement offers endless possibilities for future expansion, whether you envision a rec room, gym or additional living space. Hardwood floors, and freshly painted interior, this home is move in ready. Experience comfort and convenience in a location that truly has it all! Start packing and call 5 Castle Heights Road your new home!

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