260 E Haverhill St APT 7LawrenceMA01841
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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
Rental property for sale in Lawrence at 260 E Haverhill St APT 7, Lawrence, MA, 01841 generates $1,465/mo in rent and, after a $1,020/mo payment, leaves $152/mo in cash flow. Total monthly income is $1,465/mo, and annual cash flow is $1,820/yr on $69,051 invested. Return on cash invested sits at 22.54% in year one, and rental yield is 8.44% on a $208,300 entry. Equity gained on principal adds $1,344/yr, while 5% annual appreciation builds toward $57,549 over five years. Five-year ROI reaches 117.13% and total cumulative return in cash sums $80,878. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,465/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01841, Lawrence, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,156 (100%) |
| Owner Occupied HU | 5,138 (29.9%) |
| Renter Occupied HU | 11,639 (67.8%) |
| Vacant Housing Units | 379 ( 2.2%) |
| Median Home Value | $497,199 |
| Average Home Value | $572,418 |
Housing Distribution
Address Breakdown
Residential
14,906
Single Family
12,114
Multi-Family
2,792
Businesses
704
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Listed by: N/A • N/A
Mls Name: Hubzu REO
Mls ID: #94317551835AUCN1