46 Amesbury St APT 4DLawrenceMA01840
Nearby investment properties with comparable rents
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 46 Amesbury St APT 4D, Lawrence, MA, 01840 priced at $234,900 converts $1,633/mo rent into $152/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,633/mo, and annual cash flow totals $1,826/yr on $77,869 invested. Return on cash invested prints 22.25% in year one, and rental yield reads 8.34% against a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,899 by year five. Five-year ROI reaches 115.62% and total cumulative return in cash sums $90,033. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,633/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Condo
Built in 1953
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01840, Lawrence, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,208 (100%) |
| Owner Occupied HU | 103 ( 3.2%) |
| Renter Occupied HU | 2,907 (90.6%) |
| Vacant Housing Units | 198 ( 6.2%) |
| Median Home Value | $413,462 |
| Average Home Value | $415,619 |
Housing Distribution
Address Breakdown
Residential
3,645
Single Family
652
Multi-Family
2,993
Businesses
810
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Listed by: Fermin Group • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73417433