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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in North Andover at 59 Farrwood Ave APT 2, North Andover, MA, 01845 priced at $309,900 pairs $2,587/mo rent with $174/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,587/mo, and annual cash flow comes to $2,083/yr on $102,732 invested. Return on cash invested is 21.94% in year one, and rental yield stands at 10.02% on a $309,900 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,620 by year five. Five-year ROI measures 115.83% and total cumulative return in cash reaches $118,992. For financing, Ziffy Mortgage’s DSCR program evaluates $2,587/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1967
N/A lot
$N/A/sqft
$460 monthly HOA
Neighborhood data shown for ZIP Code: 01845, North Andover, MA area.
| 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 |
Residential
12,197
Single Family
8,665
Multi-Family
3,532
Businesses
1,177
Date | Event | Price |
|---|---|---|
| 2025-01-23 | Listed for sale | $309,900 |
| 2019-08-27 | Sold | $212,000 |
| 2019-07-20 | Pending sale | $219,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | $2902.00 | 9.26% | $261,700 | 20.60% |
| 2023-02-14 | $2656.00 | N/A | $217,000 | N/A |
| 2022-02-14 | $2656.00 | -2.92% | $217,000 | 12.38% |
Listed by: The Donahue Group • Keller Williams Realty
Mls Name: MLS PIN
Mls ID: #73328905
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
