48-50 Manchester St UNIT 2, Lawrence, MA, 01841 | $1,106/mo Cash Flow

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48-50 Manchester St UNIT 2, Lawrence, MA, 01841 | $1,106/mo Cash Flow | Ziffy

Off market

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

Investment property for sale in Lawrence at 48-50 Manchester St UNIT 2, Lawrence, MA, 01841 offers a 12.46% rental yield on a $271,100 purchase with $2,815/mo rent. Total monthly income registers $2,815/mo, and a $1,327/mo payment leaves $1,106/mo available for distribution. Annual cash flow reaches $13,274/yr on $89,870 to close, and return on cash invested stands at 34.68% in year one. Equity gained on principal adds $1,749/yr while 5% annual appreciation supports $74,900 over five years. Portfolio math shows five-year ROI at 182.24% and total cumulative return in cash at $163,774. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,815/mo property income against a $1,327/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Apartment

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Unit 2 at 48-50 #2 Manchester Street! This bright and roomy 3-bedroom, 1-bath apartment is located in a prime Lawrence location, just steps from the vibrant Broadway commercial district. Enjoy easy access to Market Basket, La fruteria, Walgreens, Pollo Campero, Family Dollar, and more all just a short distance away. Unit 2 features a functional layout with large windows, generous bedrooms, and a full bath. Natural light fills the living spaces, creating a warm and welcoming atmosphere. Included with the unit are two off-street parking spaces, adding rare and valuable convenience. Heat and hot water With public transit, grocery stores, and essential amenities all nearby, this apartment offers the ideal combination of comfort and accessibility. Don't miss your chance to make it your schedule a showing today! Group Showing Suanday 27, 4:00 to 5:00 PM Lease terms include a 12-month lease, with pets allowed upon landlord approval. The unit offers two off-street parking spaces. Renter's insurance is not required but strongly recommended. A broker fee equal to one month's rent is to be paid by the tenant.

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