9 Longwood Dr APT 1AndoverMA01810
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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 Andover at 9 Longwood Dr APT 1, Andover, MA, 01810 offers a 8.26% rental yield on a $214,999 purchase with $1,480/mo rent. Total monthly income registers $1,480/mo, and a $1,052/mo payment leaves $125/mo available for distribution. Annual cash flow reaches $1,503/yr on $71,272 to close, and return on cash invested stands at 22.02% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,400 over five years. Portfolio math shows five-year ROI at 114.34% and total cumulative return in cash at $81,493. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,480/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,520
Single Family
10,438
Multi-Family
3,082
Businesses
1,365
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Listed by: Charlotte Marrocco-Mohler • Berkshire Hathaway HomeServices Verani Realty
Mls Name: MLS PIN
Mls ID: #73465489