312 Water St APT 13, Lawrence, MA, 01841 | $103/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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312 Water St APT 13, Lawrence, MA, 01841 | $103/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

Rental property for sale in Lawrence at 312 Water St APT 13, Lawrence, MA, 01841 generates $1,835/mo in rent and, after a $1,346/mo payment, leaves $103/mo in cash flow. Total monthly income is $1,835/mo, and annual cash flow is $1,234/yr on $91,129 invested. Return on cash invested sits at 21.26% in year one, and rental yield is 8.01% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 110.25% and total cumulative return in cash sums $100,467. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,835/mo property income rather than buyer’s personal income.

Condo

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

This condominium offers a wonderful opportunity to embrace comfortable living in a convenient location with ample space to create a tranquil and inviting atmosphere that reflects your personal style. The layout offers versatility, easily adapting to your evolving needs and lifestyle. The unit is equipped with 2 bed rooms, living room, kitchen with dinning area, and fully functioning bathroom. Additionally, unit includes storage space and an under garage as well as outside parking spot; offering secure and convenient parking.

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