24 Inman St APT 35, Lawrence, MA, 01843 | $222/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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24 Inman St APT 35, Lawrence, MA, 01843 | $222/mo Cash Flow | Ziffy

For Sale

Currently Rented

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 24 Inman St APT 35, Lawrence, MA, 01843 uses $86,190 cash to close to unlock $2,662/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,861/mo, and a $1,273/mo payment keeps the spread at $222/mo. Purchase price stands at $259,999, and rental yield measures 8.59% with $1,861/mo rent. Return on cash invested shows 23% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 119.56% and total cumulative return in cash records $103,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,861/mo property income covering a $1,273/mo payment rather than investor’s personal income.

Condo

Built in 1975

N/A lot

$N/A/sqft

No HOA

More details about the property

Investors delight! Great tenant. Wonderful, private, top floor condo! Heat, hot water, gas cooking, water, sewer, parking, reserves, professional management and more included in the condo fee! Fabulous financing available (no FHA). Well run, professionally managed property. Great floor plan. Fantastic location! Great building! Wonderful condominium! Call now for appointment.

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