70 Washington Park Dr #1AndoverMA01810
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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 Andover at 70 Washington Park Dr #1, Andover, MA, 01810 uses $115,992 cash to close to unlock $8,667/yr annual cash flow and $722/mo monthly cash flow. Total monthly income runs $2,928/mo, and a $1,713/mo payment keeps the spread at $722/mo. Purchase price stands at $349,900, and rental yield measures 10.04% with $2,928/mo rent. Return on cash invested shows 27.38% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 143.08% and total cumulative return in cash records $165,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,928/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,520
Single Family
10,438
Multi-Family
3,082
Businesses
1,365
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Listed by: Alyse McNelley • William Raveis R.E. & Home Services
Mls Name: MLS PIN
Mls ID: #73438237