91 Summer St APT 3LawrenceMA01840
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 91 Summer St APT 3, Lawrence, MA, 01840 in Lawrence is the 1.71 coverage ratio: rent of $926/mo versus a $540/mo debt payment on a $120,000 property. Rental yield 9.26%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $33,154 by year five, with $1,105/yr in equity from paydown. Total projected cumulative return: $56,457.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.0% |
| Monthly Cash Flow | $(5) | $500 |
City averages based on Lawrence market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $926 |
| Total Monthly Debt Service | $709 |
| DSCR Ratio | 1.31x |
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.
Condo
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01840, Lawrence, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,208 (100%) |
| Owner Occupied HU | 103 ( 3.2%) |
| Renter Occupied HU | 2,907 (90.6%) |
| Vacant Housing Units | 198 ( 6.2%) |
| Median Home Value | $413,462 |
| Average Home Value | $415,619 |
Housing Distribution
Address Breakdown
Residential
3,645
Single Family
652
Multi-Family
2,993
Businesses
810
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
Condo
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01840, Lawrence, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,208 (100%) |
| Owner Occupied HU | 103 ( 3.2%) |
| Renter Occupied HU | 2,907 (90.6%) |
| Vacant Housing Units | 198 ( 6.2%) |
| Median Home Value | $413,462 |
| Average Home Value | $415,619 |
Housing Distribution
Address Breakdown
Residential
3,645
Single Family
652
Multi-Family
2,993
Businesses
810
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Fermin Group • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73466260