91 Summer St APT 3LawrenceMA01840
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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
Investment Highlights
Investment property for sale in Lawrence at 91 Summer St APT 3, Lawrence, MA, 01840 earns $170/mo cash flow from $926/mo rent with a $587/mo payment. Total monthly income totals $926/mo, and annual cash flow totals $2,040/yr on $39,780 capital. ROI tracks 25.04% on current figures, and rental yield reads 9.26% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 130.49% and total cumulative return in cash sums $51,907. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $926/mo property income instead of your personal income.
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
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Listed by: Fermin Group • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73466260