5 Walker Rd APT 3, North Andover, MA, 01845 | $496/mo Cash Flow

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5 Walker Rd APT 3, North Andover, MA, 01845 | $496/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 5 Walker Rd APT 3, North Andover, MA, 01845 offers a 9.61% rental yield on a $290,000 purchase with $2,323/mo rent. Total monthly income registers $2,323/mo, and a $1,419/mo payment leaves $496/mo available for distribution. Annual cash flow reaches $5,947/yr on $96,135 to close, and return on cash invested stands at 26.1% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 136.18% and total cumulative return in cash at $130,912. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,323/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1968

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Meadow View Condominium! This 1 bedroom, 1-bath unit offers a bright and comfortable living space in a quiet North Andover location. The kitchen features stainless steel appliances, and the bathroom has been updated with modern vanity and tile flooring. The condo also includes wall-to-wall carpeting and a neutral paint palette. Enjoy the convenience of laundry next to the unit and relax by the in-ground pool on warm days. Great opportunity for first time buyers, downsizes, or investors. Easy to show!!!

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