20 Lawrence Rd APT 5, Rowley, MA, 01969 | $239/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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20 Lawrence Rd APT 5, Rowley, MA, 01969 | $239/mo Cash Flow | 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 Rowley at 20 Lawrence Rd APT 5, Rowley, MA, 01969 priced at $285,000 converts $2,035/mo rent into $239/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,035/mo, and annual cash flow totals $2,863/yr on $94,478 invested. Return on cash invested prints 22.94% in year one, and rental yield reads 8.57% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 119.25% and total cumulative return in cash sums $112,662. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,035/mo property income covering a $1,395/mo payment, not borrower’s personal income.

Condo

Built in 1960

N/A lot

$N/A/sqft

No HOA

More details about the property

**OPEN HOUSE THURSDAY 5PM-6:30PM, SATURDAY 11AM-12:30PM, SUNDAY 11:30AM-12:30PM** Discover affordable living in this charming 2-bedroom, 1-bath condo located in a quiet and peaceful setting in beautiful Rowley MA! This well-appointed, first floor turn-key home offers a bright and comfortable layout, perfect for first-time buyers or those looking to downsize. Enjoy peace of mind with professional management handling exterior maintenance and upkeep, so you can simply move in and relax. Convenient shared coin-operated laundry is located in the basement and accessible just outside your front door. Set in a tranquil residential area yet close to local shops, dining, and commuter routes, this condo combines comfort, convenience, and value. Dont miss the opportunity to own in a serene, well-cared-for community at an exceptional price.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01969, Rowley, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,451 (100%)
Owner Occupied HU	1,959 (79.9%)
Renter Occupied HU	429 (17.5%)
Vacant Housing Units	63 ( 2.6%)
Median Home Value	$697,498
Average Home Value	$737,471