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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
$ 329,900
ROI
21.4
Cash Flow/m
147- 2 Bed
- 1 Bath
- 850 sft
85 Farrwood Ave APT 4, North Andover, MA, 01845
$ 319,900
ROI
21.2Cash Flow/m
128- 2 Bed
- 1 Bath
- 850 sft
19 Fernview Ave APT 5, North Andover, MA, 01845
Currently Rented
$ 299,000
ROI
22.6Cash Flow/m
238- 2 Bed
- 1 Bath
- 850 sft
1 Fernview Ave APT 6, North Andover, MA, 01845
$ 379,900
ROI
20.5Cash Flow/m
76- 2 Bed
- 2 Bath
- 1052 sft
148 Main St APT O303, 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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