91 Summer St APT 3, Lawrence, MA, 01840 | $160/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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91 Summer St APT 3, Lawrence, MA, 01840 | $160/mo Cash Flow | 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

Investment property for sale in Lawrence at 91 Summer St APT 3, Lawrence, MA, 01840 earns $160/mo cash flow from $916/mo rent with a $587/mo payment. Total monthly income totals $916/mo, and annual cash flow totals $1,920/yr on $39,780 capital. ROI tracks 24.74% on current figures, and rental yield reads 9.16% 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 128.86% and total cumulative return in cash sums $51,259. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $916/mo property income instead of your personal income.

Condo

Built in 1925

N/A lot

$N/A/sqft

No HOA

More details about the property

Rare opportunity to own a very affordable condo in the hear of Lawrence! One bedroom unit rented out ready to make you passive income. Property is located less than 0.5 mile from Campagnone Common Park, vibrant downtown Lawrence filled with lively restaurants and bars, public transit and much more. Easy access to major highways.

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