493 Andover StLawrenceMA01843
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
Investment property for sale in Lawrence at 493 Andover St, Lawrence, MA, 01843 earns $206/mo cash flow from $2,587/mo rent with a $1,849/mo payment. Total monthly income totals $2,587/mo, and annual cash flow totals $2,471/yr on $125,241 capital. ROI tracks 21.88% on current figures, and rental yield reads 8.22% at a $377,800 purchase. Equity gained on principal adds $2,438/yr, and 5% annual appreciation supports $104,379 over five years. Five-year ROI reaches 113.57% and total cumulative return in cash sums $142,230. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,587/mo property income instead of your personal income.
Home Type Unknown
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01843, Lawrence, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,239 (100%) |
| Owner Occupied HU | 3,799 (37.1%) |
| Renter Occupied HU | 6,113 (59.7%) |
| Vacant Housing Units | 327 ( 3.2%) |
| Median Home Value | $454,892 |
| Average Home Value | $532,618 |
Housing Distribution
Address Breakdown
Residential
9,533
Single Family
7,214
Multi-Family
2,319
Businesses
742
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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