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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lawrence at 57 Howard St UNIT 57, Lawrence, MA, 01841 priced at $414,100 converts $3,000/mo rent into $390/mo cash flow after a $2,027/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $4,678/yr on $137,274 invested. Return on cash invested prints 23.32% in year one, and rental yield reads 8.69% against a $414,100 entry. Equity gained on principal adds $2,672/yr, while 5% annual appreciation compiles into $114,408 by year five. Five-year ROI reaches 121.27% and total cumulative return in cash sums $166,467. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $2,027/mo payment, not borrower’s personal income.
Multi Family
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 01841, Lawrence, MA area.
| 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 |
Residential
14,906
Single Family
12,114
Multi-Family
2,792
Businesses
704
Date | Event | Price |
|---|---|---|
| 2025-09-30 | Sold | $414,100 |
| 2025-05-18 | Listed for sale | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Georgi May • RE/MAX Triumph Realty
Mls Name: MLS PIN
Mls ID: #73376946
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS.
