7 Fernview Ave APT 7North 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 7 Fernview Ave APT 7, North Andover, MA, 01845 priced at $281,000 pairs $2,256/mo rent with after a $1,375/mo payment. Total monthly income equals $2,256/mo. Return on cash invested is 19.89% in year one, and rental yield stands at 9.63% on a $281,000 basis. Equity gained on principal adds $1,813/yr, and 5% annual appreciation accumulates to $77,635 by year five. Five-year ROI measures 105.18% and total cumulative return in cash reaches $97,979. For financing, Ziffy Mortgage’s DSCR program evaluates $2,256/mo property income against a $1,375/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1967
N/A lot
$N/A/sqft
$487 monthly 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: Melissa Silva • RE/MAX Beacon
Mls Name: MLS PIN
Mls ID: #73376256
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