16 E Pleasant StLawrenceMA01841
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.75% yield at 16 E Pleasant St, Lawrence, MA, 01841 in Lawrence is solid, but the $2,195/mo payment compresses net cash flow to $71/mo at $463,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $127,918 by year five, and $3,881/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.36) without U.S. income documentation. Total projected return: $171,632.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 7.0% |
| Monthly Cash Flow | $71 | $500 |
City averages based on Lawrence market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,989 |
| Total Monthly Debt Service | $2,847 |
| DSCR Ratio | 1.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
3,258 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01841, Lawrence, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,156 (100%) |
| Owner Occupied HU | 5,138 (29.9%) |
| Renter Occupied HU | 11,639 (67.8%) |
| Vacant Housing Units | 379 ( 2.2%) |
| Median Home Value | $497,199 |
| Average Home Value | $572,418 |
Housing Distribution
Address Breakdown
Residential
14,906
Single Family
12,114
Multi-Family
2,792
Businesses
704
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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
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Listed by: Daniel Beirne • OpenDoor Brokerage LLC
Mls Name: MLS PIN
Mls ID: #73597829
