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$599,900

Sold
2 Belvidere Hts, Haverhill, MA 01830
3 Beds
2 Baths
1,638 Square Feet
0.74 Acres Lot
Built in 1992
Sold
Units n/a
Checked: 1 day ago
Updated: Jul 02, 2025 at 03:21AM

Investment Summary


Monthly Cash Flow
-$789
Cap Rate
4.1%
Cash-on-Cash Return
-6.9%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-2.7%

Property Description


0.74 Acres Lot
Built in 1992
Sold
Units n/a

Beautifully appointed Classic Custom Cape w/so many upgrades you may conclude it's better than new! Refinements include; Hardwd flrs throughout, 1st flr natural wd trim, solid wood 6 panel Christian doors, Open Concept fully applianced Granite & Stainless Steel Kitchen w/entertainment server to Lux DR w/custom builtin hutch, Front to back LR w/HiDef curved screen TV leads to double drs & an exterior L shape deck w/gas fire pit. 2nd flr features Front to Bk MBR w/rich crown moldings & wainscotting, builtin custom cabinetry, window seat & walk-in closet. 2 more bedrms & full bath. Palladium windows. Elegant inlaid stone front walkway gives you pause to realize that your 3/4 acre lot abuts 50+ acres of City wooded land connected to the nature trail system of Winnekenni Park w/Lake Saltonstall close by. 200 AMP elect w/generator plug. MA Energy Certified hm w/a 2 way variable economical heating system, basebd FHW/gas & Pellet Stove. MOVE-IN READY! OPEN HOUSE Sat & Sun (6/14&6/15)1-2 pm.

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Location


Property Details


Parking

  • Description: Paved Drive, Off Street, Paved
  • Details: Paved, Off Street
  • Garage Spaces: 0
  • Spaces Total: 5

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full, Interior Entry, Concrete, Unfinished

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Concrete Perimeter
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: HAVEM:0409B:00114L:32
  • Lot Size: 32103 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Cape
  • Year Built: 1992

Tax Information

  • Annual Tax: $5,206

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Baseboard, Pellet Stove
  • Cooling: None

Location

  • County: Essex

Investment Summary


Monthly Cash Flow
-$789
Cap Rate
4.1%
Cash-on-Cash Return
-6.9%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-2.7%

Purchase Details

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Purchase price:
$599,900
Amount financed:
-$479,920
Down payment:
$119,980
Closing costs:
$17,997
Rehab costs:
$0
Initial cash invested:
$137,977
Square feet:
1,638
Cost per square foot:
$366
Monthly rent per square foot:
$2.20

Financing Details

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Loan amount:
$479,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,839
Property tax:
$434
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,525

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$434-$5,206
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$1,334-$16,006

Cash Flow


Monthly Yearly
Net operating income:
$2,050 $24,600
Mortgage payments:
-$2,839 -$34,068
Cash flow:
$789 $9,468