6 Ashley Ln #38 Methuen — Photo 1 of 19
$316,648
Investment Analysis — 6 Ashley Ln #38
Methuen, MA 01844
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-bedroom in 01844 carries an estimated $2,310/mo in gross rent — about a 5.02% cap rate and $15,889/yr in estimated NOI at the $316,648 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,209
Style
Condominium
Built
2017
DEED RESTRICTED AFFORDABLE SALE! APPLICATION DEADLINE September 22nd at 5pm. Stone Castle Estates, an independent living community for those ages 55+ in Methuen, is the setting for this 2 bedroom, 1 bath detached condominium home with a spacious and open floor plan. Exterior features include a private back porch, yard, and garage parking for two cars. Condo fee covers landscaping, irrigation, trash and snow removal, exterior maintenance and master insurance. Income Limits: 1 Person: $74,800 2 Person: $85,450 3 Person: $96,150 4 Person: $106,800 ; Asset limit: $275,000. Age Restricted: 55+. Must be owner occupied. Buyer must either be a first time homebuyer or have sold their current home before closing.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Adult Community
Geography
Listing Agent: David Gasser
Listing Office: CHAPA Portfolio Realty LLC
MLS® Number: 73573328