59 Elm St #59AndoverMA01810
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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 Andover at 59 Elm St #59, Andover, MA, 01810 listed at $693,000 pairs $4,586/mo rent with a $3,392/mo payment to leave $218/mo cash flow. Total monthly income runs $4,586/mo, and annual cash flow reaches $2,616/yr on $227,997 cash to close. Return on cash invested measures 21.21% in year one, and rental yield registers 7.94% at a $693,000 basis. Equity gained on principal adds $4,472/yr, and annual property appreciation at 5% supports $191,463 by year five. Five-year ROI tracks 109.95% and total cumulative return in cash totals $250,682. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,586/mo property income relative to a $3,392/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1890
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,520
Single Family
10,438
Multi-Family
3,082
Businesses
1,365
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Listed by: Andrew Martini • Compass
Mls Name: MLS PIN
Mls ID: #73389308
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