86-88 Maple AveNorth AndoverMA01845
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 86-88 Maple Ave, North Andover, MA, 01845 in North Andover deserves attention. This $899,000 property earns $8,670/mo in rent, a 11.57% gross yield, and nets $3,004/mo after the $4,042/mo payment. DSCR 2.14 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $248,377 compounds alongside $8,280/yr in yearly equity build, for a total cumulative return of $534,644.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 5.5% |
| Monthly Cash Flow | $3,004 | $350 |
City averages based on North Andover market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,670 |
| Total Monthly Debt Service | $5,309 |
| DSCR Ratio | 1.63x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
5,271 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1900
5,271 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLS PIN
Mls ID: #73487371