8-10 Packard St, Lawrence, MA, 01843 | 6.22% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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8-10 Packard St, Lawrence, MA, 01843 | 6.22% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lawrence at 8-10 Packard St, Lawrence, MA, 01843 offers $3,108/mo rent that, after a $2,936/mo payment. Total monthly income is $3,108/mo. Return on cash invested measures 15.97% in year one, and rental yield stands at 6.22% at a $599,900 entry. Equity gained on principal adds $3,871/yr while 5% annual appreciation compounds into $165,741 by year five. Five-year ROI records 81.85% and total cumulative return in cash reaches $161,548. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,108/mo property income versus a $2,936/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Multi Family

Built in 1970

0.22 sqft lot

$N/A/sqft

No HOA

More details about the property

Two-family townhouse-style property in South Lawrence! Etch unit offers 2 bedrooms, 1.5 baths, in-unit laundry, and separate entrances. Comfortable layout, off-street parking for 4 cars, and a large yard ideal for outdoor enjoyment. Great opportunity for owner-occupants or investors. Convenient location near highways, schools, and shopping. Dont miss out on this well-maintained multi-family!

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