48-50 Manchester St UNIT 2LawrenceMA01841
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 48-50 Manchester St UNIT 2, Lawrence, MA, 01841 in Lawrence deserves attention. This $271,100 property earns $2,815/mo in rent, a 12.46% gross yield, and nets $1,107/mo after the $1,219/mo payment. DSCR 2.31 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $74,900 compounds alongside $2,497/yr in yearly equity build, for a total cumulative return of $174,162.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 7.0% |
| Monthly Cash Flow | $1,107 | $500 |
City averages based on Lawrence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,815 |
| Total Monthly Debt Service | $1,601 |
| DSCR Ratio | 1.76x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A