58-60 May StNorth 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
Investment property for sale in North Andover at 58-60 May St, North Andover, MA, 01845 earns from $6,427/mo rent with a $6,069/mo payment. Total monthly income totals $6,427/mo. ROI tracks 16.22% on current figures, and rental yield reads 6.22% at a $1,240,000 purchase. Equity gained on principal adds $8,002/yr, and 5% annual appreciation supports $342,589 over five years. Five-year ROI reaches 83.13% and total cumulative return in cash sums $333,990. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,427/mo property income instead of your personal income.
Multi Family
Built in 1920
6,534 sqft 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: Mohamed Salem • Team Impressa LLC
Mls Name: MLS PIN
Mls ID: #73422550