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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lynn at 100 Magnolia Ave APT 6, Lynn, MA, 01904 priced at $299,900 converts $2,038/mo rent into after a $1,468/mo obligation. Total monthly income equals $2,038/mo. Return on cash invested prints 17.53% in year one, and rental yield reads 8.15% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 91.74% and total cumulative return in cash sums $91,204. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,038/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Condo
Built in 1950
0.41 Acres lot
$N/A/sqft
$345 monthly HOA
Neighborhood data shown for ZIP Code: 01904, Lynn, MA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,140 (100%) |
| Owner Occupied HU | 5,407 (75.7%) |
| Renter Occupied HU | 1,541 (21.6%) |
| Vacant Housing Units | 192 ( 2.7%) |
| Median Home Value | $591,866 |
| Average Home Value | $593,168 |
Residential
7,068
Single Family
6,368
Multi-Family
700
Businesses
419
Date | Event | Price |
|---|---|---|
| 2025-04-29 | Listed for sale | $299,900 |
| 2023-11-17 | Sold | $252,000 |
| 2023-10-13 | Contingent | $290,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $2328.00 | 2.69% | $221,100 | 8.76% |
| 2023-04-30 | $2267.00 | N/A | $203,300 | N/A |
| 2022-04-30 | $2267.00 | -1.31% | $203,300 | 15.31% |
Listed by: Richard Powers • Toner Real Estate, LLC
Mls Name: MLS PIN
Mls ID: #73365923
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
