Investment Analysis — E2 Colonial Dr #4

Andover, MA 01810

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a home in 01810 carries an estimated $2,030/mo in gross rent — about a 6.16% cap rate and $11,281/yr in estimated NOI at the $183,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

480

Style

Condominium

Built

1969

Rare Find at Colonial Drive for under $185K! This quiet, move-in ready condo offers the perfect blend of comfort, convenience, and resort-style living. Keep your budget stress-free with a predictable HOA fee that fully covers both heat and hot water. As an incredible bonus, the seller is willing to include all furniture and electronics (including the TV, Roku, speakers, dishes, etc) as a gift to the buyer if desired! Enjoy unbeatable convenience with assigned parking space #269 located directly in front of the unit, plus ample visitor parking just steps away. This pet-friendly community features an on-site dog park, a massive in-ground outdoor pool, and tennis and basketball courts. Additional perks include in-building laundry, a dedicated storage locker (#4), and professional management. A commuter’s dream, you are just minutes from I-93 for seamless access to Boston!

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 MLS and other third-party data may be inaccurate or out of date.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