78 Edgelawn Ave APT 8North 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 78 Edgelawn Ave APT 8, North Andover, MA, 01845 uses $91,163 cash to close to unlock $7,941/yr annual cash flow and $662/mo monthly cash flow. Total monthly income runs $2,395/mo, and a $1,346/mo payment keeps the spread at $662/mo. Purchase price stands at $275,000, and rental yield measures 10.45% with $2,395/mo rent. Return on cash invested shows 28.62% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 149.71% and total cumulative return in cash records $136,475. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,395/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1967
N/A 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: Zohreh K. Kim • LAER Realty Partners
Mls Name: MLS PIN
Mls ID: #73469042