37 Lawrence St #16BostonMA02116
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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
Investment Highlights
Investment property for sale in Boston at 37 Lawrence St #16, Boston, MA, 02116 uses $180,950 cash to close to unlock $5,561/yr annual cash flow and $463/mo monthly cash flow. Total monthly income runs $3,930/mo, and a $2,692/mo payment keeps the spread at $463/mo. Purchase price stands at $550,000, and rental yield measures 8.57% with $3,930/mo rent. Return on cash invested shows 23.13% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 120.26% and total cumulative return in cash records $217,618. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,930/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Condo
Built in 1873
600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02116, Boston, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,139 (100%) |
| Owner Occupied HU | 4,380 (33.3%) |
| Renter Occupied HU | 7,071 (53.8%) |
| Vacant Housing Units | 1,688 (12.8%) |
| Median Home Value | $1,591,640 |
| Average Home Value | $1,583,967 |
Housing Distribution
Address Breakdown
Residential
12,510
Single Family
1,122
Multi-Family
11,388
Businesses
2,158
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Listed by: Denise M. Fisher • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73428146