64 E Water St #64North 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 64 E Water St #64, North Andover, MA, 01845 offers a 8.79% rental yield on a $449,999 purchase with $3,295/mo rent. Total monthly income registers $3,295/mo, and a $2,203/mo payment leaves $458/mo available for distribution. Annual cash flow reaches $5,499/yr on $149,175 to close, and return on cash invested stands at 23.6% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,326 over five years. Portfolio math shows five-year ROI at 122.78% and total cumulative return in cash at $183,149. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,295/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
3,023 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: Jennifer Mangini • Sagan Harborside Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73437487