75 Edgelawn Ave APT 1, North Andover, MA, 01845 | $854/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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75 Edgelawn Ave APT 1, North Andover, MA, 01845 | $854/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

Rental property for sale in North Andover at 75 Edgelawn Ave APT 1, North Andover, MA, 01845 offers $3,217/mo rent that, after a $1,835/mo payment, leaves $854/mo cash flow. Total monthly income is $3,217/mo, and annual cash flow is $10,246/yr on $124,313 cash. Return on cash invested measures 28.15% in year one, and rental yield stands at 10.29% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 147.19% and total cumulative return in cash reaches $182,979. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,217/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1967

N/A lot

$N/A/sqft

No HOA

More details about the property

Looking for first floor living in desirable North Andover but don't want to handle the maintenance that comes w/ owning a home? This bright & inviting condo offers an effortless layout perfect for everyday comfort & flexible living. The spacious living/dining room has 2 sliding doors (with privacy features!) opening directly to the back, creating a seamless indoor/outdoor feel & making the space ideal for relaxing, entertaining, or enjoying fresh air year-round. You'll truly enjoy the amenities that come w/ an updated kitchen & bathrooms as well as the living space being separate from the bedrooms. Both bedrooms are generously sized, w/ the primary suite offering its own full bath & excellent closet space. The second bedroom is perfect for kids, guests, an office, or a hobby room, paired with a well-appointed full bath just down the hall. Additional highlights include an in-ground pool, exercise room, club house, & heat/hot water included in the HOA! The perfect condo to call home!

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