64 Salem 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
Rental property for sale in Lawrence at 64 Salem St, Lawrence, MA, 01843 offers $4,476/mo rent that, after a $3,181/mo payment, leaves $380/mo cash flow. Total monthly income is $4,476/mo, and annual cash flow is $4,555/yr on $213,850 cash. Return on cash invested measures 22.19% in year one, and rental yield stands at 8.26% at a $650,000 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,583 by year five. Five-year ROI records 115.2% and total cumulative return in cash reaches $246,350. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,476/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
5,500 sqft 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: Norman Poggio • Skylimit Real Estate LLC
Mls Name: MLS PIN
Mls ID: #73423680