60 Edgelawn Ave APT 1North 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 60 Edgelawn Ave APT 1, North Andover, MA, 01845 with 5% annual appreciation on a $269,999 basis while $2,294/mo rent supports operations. Total monthly income totals $2,294/mo and a $1,322/mo payment preserves $592/mo for cash returns. Annual cash flow comes to $7,101/yr on $89,505 deployed, and return on cash invested reaches 27.84% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,596 alongside rental yield of 10.2%. Five-year ROI measures 145.52% and total cumulative return in cash totals $130,249.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,294/mo property income versus a $1,322/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1967
N/A 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: Matthew Sears • Aluxety
Mls Name: MLS PIN
Mls ID: #73472522