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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in North Andover, MA
Listed for sale 2 days ago
$ 359,900
ROI
20.0
Cash Flow/m
28- 1 Bed
- 1 Bath
- 855 sft
1 Harvest Dr #103, North Andover, MA, 01845
Listed for sale 3 days ago
$ 309,000
ROI
22.1Cash Flow/m
202- 2 Bed
- 1 Bath
- 850 sft
103 Farrwood Ave APT 3, North Andover, MA, 01845
Listed for sale 3 days ago
$ 279,900
ROI
20.3Cash Flow/m
41- 1 Bed
- 1 Bath
- 585 sft
39 Farrwood Ave APT 1, North Andover, MA, 01845
$ 299,000
ROI
22.6Cash Flow/m
233- 2 Bed
- 1 Bath
- 850 sft
68 Edgelawn Ave APT 9, North Andover, MA, 01845
Why Invest in North Andover, Massachusetts?
Investing in condos in North Andover, MA offers a promising opportunity for real estate investors looking for stable rental yields and growing appreciation. This area enjoys a solid average ROI of 7.2%, supported by a cap rate near 5%, with an average monthly rent of $1,800. The market is buoyed by steady rental demand and a renter-occupied rate of 35%, reflecting a healthy investment climate. Average cash flow remains attractive, making North Andover a worthwhile consideration for condo investments.
7.2%
Avg. ROI
5.8%
Rental Yield
5%
Cap Rate
$550/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in North Andover is approximately 5.8%, reflecting stable rental income relative to property values.
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