Investment Analysis — 22 Crestshire Drive

Lawrence, MA 01843 — Mount Vernon

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 3-bedroom in 01843 carries an estimated $2,870/mo in gross rent — about a 3.70% cap rate and $21,299/yr in estimated NOI at the $575,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,144

Style

Single Family

Built

1966

Cared for raised ranch in upper Mount Vernon near the Andover line, 3 bedrooms, 2 full baths, attached garage. Walk out lower level to a beautiful spacious fenced in back yard. Home has a large family room that can be turned into a 4th bedroom. Hardwood throughout, sunny 4 season room, eat-in kitchen, central-air, great closet space. Additional 900 square feet on lower level. Convenient to both Routes 93 and 495. Major recent improvements are new windows, sprinkler system in the front and Security system. This is a home that has been well taken care of and ready for its next family.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 572 sq ft (the lesser of 900 sq ft or half the 1,144 sq ft principal dwelling). Lot size: 14,900 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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 MLS and other third-party data may be inaccurate or out of date.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.