9 Chatham CirNorth 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
Rental property for sale in North Andover at 9 Chatham Cir, North Andover, MA, 01845 priced at $917,100 converts $5,614/mo rent into after a $4,489/mo obligation. Total monthly income equals $5,614/mo. Return on cash invested prints 16.47% in year one, and rental yield reads 7.35% against a $917,100 entry. Equity gained on principal adds $5,918/yr, while 5% annual appreciation compiles into $253,378 by year five. Five-year ROI reaches 85.56% and total cumulative return in cash sums $258,160. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,614/mo property income covering a $4,489/mo payment, not borrower’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$708 monthly 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: N/A • N/A
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Mls ID: #N/A