61 Porter Rd, Andover, MA, 01810 | $790/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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61 Porter Rd, Andover, MA, 01810 | $790/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Andover at 61 Porter Rd, Andover, MA, 01810 offers a 8.75% rental yield on a $799,000 purchase with $5,826/mo rent. Total monthly income registers $5,826/mo, and a $3,911/mo payment leaves $790/mo available for distribution. Annual cash flow reaches $9,477/yr on $262,871 to close, and return on cash invested stands at 23.67% in year one. Equity gained on principal adds $5,156/yr while 5% annual appreciation supports $220,749 over five years. Portfolio math shows five-year ROI at 123.1% and total cumulative return in cash at $323,586. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,826/mo property income against a $3,911/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1724

0.88 Acres lot

$N/A/sqft

No HOA

More details about the property

A Rare Offering in the Heart of Andovers Historic Phillips Academy Neighborhood! Discover one of Andovers most iconic antique Colonialsbrimming with character, history, and untapped potential. Nestled on a picturesque lot bordering AVIS conservation land, this 4-bedroom, 1.5-bath home is a dream for antique lovers and visionary renovators alike. Original wide pine floors, period detailing, and classic colonial lines showcase the timeless charm of this special property. While the home is in need of renovation, it offers a rare opportunity to restore and personalize a piece of Andovers architectural legacy. Outside, established perennial gardens frame the home with seasonal color, and a two-story barn provides additional space for garage parking, workshop, or storage. A truly special setting just moments from Phillips Academy, downtown Andover, and conservation trailsthis is a home with a story to tell and a future to shape.

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