2 Lawrence St, Methuen, MA, 01844 | 3.86% Rental Yield

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2 Lawrence St, Methuen, MA, 01844 | 3.86% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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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Investment Highlights

Rental property for sale in Methuen at 2 Lawrence St, Methuen, MA, 01844 offers $3,216/mo rent that, after a $4,895/mo payment. Total monthly income is $3,216/mo. Return on cash invested measures 8.8% in year one, and rental yield stands at 3.86% at a $1,000,000 entry. Equity gained on principal adds $6,453/yr while 5% annual appreciation compounds into $276,282 by year five. Five-year ROI records 43.38% and total cumulative return in cash reaches $142,732. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,216/mo property income versus a $4,895/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Multi Family

Built in 1930

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

This charming four-unit property blends classic character with thoughtful updates. Each unit features beautiful original detailsincluding hardwood floors, tray ceilings, and spacious bedroomsalongside modernized kitchens and vinyl replacement windows for added comfort and efficiency. With separate utilities and heating systems for each unit, this property is ideal for owner-occupants or investors seeking a blend of historic charm and practical convenience. Located close to local amenities and major routes, 2 Lawrence Street offers timeless appeal in a convenient Methuen neighborhood and a beautiful public park across the street..

Neighborhood Data

Neighborhood data shown for ZIP Code: 01844, Methuen, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,798 (100%)
Owner Occupied HU	13,957 (67.1%)
Renter Occupied HU	6,036 (29.0%)
Vacant Housing Units	805 ( 3.9%)
Median Home Value	$562,820
Average Home Value	$564,968