24 Inman St APT 5LawrenceMA01843
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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
Investment Highlights
Investment property for sale in Lawrence at 24 Inman St APT 5, Lawrence, MA, 01843 offers a 9.2% rental yield on a $189,900 purchase with $1,456/mo rent. Total monthly income registers $1,456/mo, and a $929/mo payment leaves $260/mo available for distribution. Annual cash flow reaches $3,115/yr on $62,952 to close, and return on cash invested stands at 24.86% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 129.55% and total cumulative return in cash at $81,557. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,456/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Anthony Ansaldi • Cameron-Bishop Financial Services, Inc.
Mls Name: MLS PIN
Mls ID: #73425789