5 Porter Rd UNIT 101, Andover, MA, 01810 | $233/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5 Porter Rd UNIT 101, Andover, MA, 01810 | $233/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 Andover at 5 Porter Rd UNIT 101, Andover, MA, 01810 listed at $499,900 pairs $3,384/mo rent with a $2,447/mo payment to leave $233/mo cash flow. Total monthly income runs $3,384/mo, and annual cash flow reaches $2,796/yr on $165,717 cash to close. Return on cash invested measures 21.6% in year one, and rental yield registers 8.12% at a $499,900 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,113 by year five. Five-year ROI tracks 112.02% and total cumulative return in cash totals $185,640. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,384/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1900

N/A lot

$N/A/sqft

No HOA

More details about the property

Charming 2-bedroom end unit in elegant PHILLIPS ESTATESwalking distance to Phillips Academy, Pike School & downtown Andover w/ easy access to Rtes 93 & 495. Set in a historic 1984 Greek Revival mansion on 1.5 acres, this bright home blends old-world charm w/modern comforts. Enter through stunning Foyer. Features include 9' ceilings, hardwood floors throughout, detailed molding, window seat & unique round windows. The white kitchen offers granite counters. The living room fireplace bears the Latin inscription AD FOCVM COR CALIDVM"At the hearth, a warm heart"symbolizing a welcoming home. The Main bedrm reads AMICIS ET LIBRIS QVID MELIVS"There is nothing better than friends and books." Enjoy in-unit laundry (additional coin-op units in basement) & excellent deeded storage. Freshly painted rooms, a deck off the second bedroom & 2 deeded parking spots complete this impressive condo. Well-maintained grounds & common areas make this a perfect carefree lifestyleor ideal summer retreat.

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