Lawrence, NY — Rental Investment Analysis

Investment Summary

As of 2026, Lawrence, NY has a -0.2% cap rate, indicating limited cash flow potential at current prices of $2,162,738 median.

Lawrence is very expensive relative to rents — expect negative cash flow. At $2,162,738 median home price, Lawrence requires significant capital. A 20% down payment alone is $432,547. With 3-bedroom rents around $3,180/month, the -0.2% cap rate tells the story. Cash flow is deeply negative at -$11,967/month with standard assumptions. This market requires appreciation to justify the investment.

At 0.15% on the 1% rule, rents are low relative to purchase prices. You'd need a significant discount from asking price to make the numbers work. DSCR of -0.04 is below 1.0, meaning rental income doesn't cover the mortgage. DSCR lenders will likely decline this market at current prices.

Bottom line: At current valuations, Lawrence doesn't make sense for rental investors focused on returns. Look at lower-cost markets unless you have specific local knowledge.

Data sources: HUD Fair Market Rents (FY2024), Zillow Home Value Index (April 2026), Freddie Mac Primary Mortgage Market Survey.