202 Broadway #23, Lawrence, MA, 01840 | $1,093/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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202 Broadway #23, Lawrence, MA, 01840 | $1,093/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

Investment property for sale in Lawrence at 202 Broadway #23, Lawrence, MA, 01840 listed at $329,900 pairs $3,173/mo rent with a $1,615/mo payment to leave $1,093/mo cash flow. Total monthly income runs $3,173/mo, and annual cash flow reaches $13,121/yr on $109,362 cash to close. Return on cash invested measures 31.91% in year one, and rental yield registers 11.54% at a $329,900 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,145 by year five. Five-year ROI tracks 167.35% and total cumulative return in cash totals $183,015. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,173/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1900

N/A lot

$N/A/sqft

No HOA

More details about the property

This bright, renovated condo is move in ready! Recently updated in 2020, it features a modern kitchen with granite countertops, stainless steel appliances, and plenty of cabinet space. The open layout includes three spacious bedrooms, including a master with a walk-in closet, plus two updated bathrooms.There's natural light that fills the space and the high 9.5-foot ceilings that make it feel even more open. New flooring and fresh paint throughout make this home feel brand new. Plus, you get the convenience of an on-site laundry room and off-street parking. Located in a great spot downtown, you're close to shopping, restaurants, markets, and public transportation, with easy access to I-495 and I-93. Come see this beautifully renovated condo !

Neighborhood Data

Neighborhood data shown for ZIP Code: 01840, Lawrence, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,208 (100%)
Owner Occupied HU	103 ( 3.2%)
Renter Occupied HU	2,907 (90.6%)
Vacant Housing Units	198 ( 6.2%)
Median Home Value	$413,462
Average Home Value	$415,619