9 Chapman Ave, Andover, MA, 01810 | 4.55% Rental Yield

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9 Chapman Ave, Andover, MA, 01810 | 4.55% Rental Yield | 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

Investment property for sale in Andover at 9 Chapman Ave, Andover, MA, 01810 offers a 4.55% rental yield on a $1,349,000 purchase with $5,110/mo rent. 05% in year one. Equity gained on principal adds $8,705/yr while 5% annual appreciation supports $372,704 over five years. Portfolio math shows five-year ROI at 55.42% and total cumulative return in cash at $242,247. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,110/mo property income against a $6,603/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1857

5,166 sqft lot

$N/A/sqft

No HOA

More details about the property

A remarkable fusion of history & modern luxury located in the heart of Downtown Andover. Enjoy the convenience of walking to local cafs, shops, & restaurants. The open-concept design flows seamlessly, highlighted by exposed brick, rich wood beams, & impeccable craftsmanship throughout. The kitchen boasts a walk-in pantry, an impressive center island, high-end appliances, & spacious mudroom designed for everyday functionality. Gorgeous wide-pine floors flow throughout, extending from open dining area into the inviting living rm, which includes a versatile adjoining office or playroom. Second level bedrms include the ensuite, convenient laundry rm, additional full bath & ample closet space. Finished LL w full bath great for guest suite, family rm, home gym, etc. Two covered porches, a beautifully landscaped patio, and a charming garden area create an inviting outdoor retreat. Ideally situated in the highly sought-after Bancroft School District.

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