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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
$ 319,900
ROI
20.9
Cash Flow/m
101- 2 Bed
- 1 Bath
- 850 sft
30 Fernview Ave APT 4, North Andover, MA, 01845
$ 399,900
ROI
20.4Cash Flow/m
69- 2 Bed
- 2 Bath
- 1050 sft
148 Main St APT F442, North Andover, MA, 01845
$ 399,900
ROI
23.1Cash Flow/m
368- 2 Bed
- 2 Bath
- 1124 sft
1401 Great Pond Rd APT 3, North Andover, MA, 01845
$ 399,900
ROI
24.6Cash Flow/m
534- 2 Bed
- 2 Bath
- 1219 sft
350 Greene St Unit 305, 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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