48-50 Manchester St UNIT 2LawrenceMA01841
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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
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
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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A