60 Park 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
Rental property for sale in North Andover at 60 Park St, North Andover, MA, 01845 priced at $534,000 converts $3,365/mo rent into after a $2,614/mo obligation. Total monthly income equals $3,365/mo. Return on cash invested prints 20.05% in year one, and rental yield reads 7.56% against a $534,000 entry. Equity gained on principal adds $3,446/yr, while 5% annual appreciation compiles into $147,534 by year five. Five-year ROI reaches 103.73% and total cumulative return in cash sums $182,234. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,365/mo property income covering a $2,614/mo payment, not borrower’s personal income.
Single Family
Built in 1950
4,587 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: Lisa Johnson Sevajian • Compass
Mls Name: MLS PIN
Mls ID: #73425153