24 Inman St APT 35LawrenceMA01843
INVESTMENT ANALYSIS
Investment Verdict
Solid Income24 Inman St APT 35, Lawrence, MA, 01843 in Lawrence is a solid income-producing rental, 8.59% gross yield, $1,861/mo rent, $222/mo net cash flow on a $259,999 buy. DSCR 1.59 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $71,833 and $2,395/yr in principal reduction project a total cumulative return of $113,037.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 7.0% |
| Monthly Cash Flow | $222 | $500 |
City averages based on Lawrence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,861 |
| Total Monthly Debt Service | $1,535 |
| DSCR Ratio | 1.21x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01843, Lawrence, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,239 (100%) |
| Owner Occupied HU | 3,799 (37.1%) |
| Renter Occupied HU | 6,113 (59.7%) |
| Vacant Housing Units | 327 ( 3.2%) |
| Median Home Value | $454,892 |
| Average Home Value | $532,618 |
Housing Distribution
Address Breakdown
Residential
9,533
Single Family
7,214
Multi-Family
2,319
Businesses
742
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01843, Lawrence, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,239 (100%) |
| Owner Occupied HU | 3,799 (37.1%) |
| Renter Occupied HU | 6,113 (59.7%) |
| Vacant Housing Units | 327 ( 3.2%) |
| Median Home Value | $454,892 |
| Average Home Value | $532,618 |
Housing Distribution
Address Breakdown
Residential
9,533
Single Family
7,214
Multi-Family
2,319
Businesses
742
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anthony Ansaldi • Cameron-Bishop Financial Services, Inc.
Mls Name: MLS PIN
Mls ID: #73409785