52 Fernview Ave APT 7North AndoverMA01845
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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 North Andover at 52 Fernview Ave APT 7, North Andover, MA, 01845 offers $2,815/mo rent that, after a $1,762/mo payment, leaves $546/mo cash flow. Total monthly income is $2,815/mo, and annual cash flow is $6,552/yr on $119,340 cash. Return on cash invested measures 25.4% in year one, and rental yield stands at 9.38% at a $360,000 entry. Equity gained on principal adds $2,323/yr while 5% annual appreciation compounds into $99,461 by year five. Five-year ROI records 132.42% and total cumulative return in cash reaches $158,025. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,815/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1967
40.80 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
12,197
Single Family
8,665
Multi-Family
3,532
Businesses
1,177
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Listed by: Lynne Rudnicki • Home Seller's Edge
Mls Name: MLS PIN
Mls ID: #73437622