113 Nahant St UNIT 5LynnMA01902
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lynn at 113 Nahant St UNIT 5, Lynn, MA, 01902 generates $2,843/mo in rent and, after a $1,713/mo payment, leaves $637/mo in cash flow. Total monthly income is $2,843/mo, and annual cash flow is $7,647/yr on $115,992 invested. Return on cash invested sits at 26.5% in year one, and rental yield is 9.75% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 138.37% and total cumulative return in cash sums $160,494. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,843/mo property income rather than buyer’s personal income.
Condo
Built in 1940
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01902, Lynn, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,641 (100%) |
| Owner Occupied HU | 6,677 (35.8%) |
| Renter Occupied HU | 11,217 (60.2%) |
| Vacant Housing Units | 747 ( 4.0%) |
| Median Home Value | $573,740 |
| Average Home Value | $603,931 |
Housing Distribution
Address Breakdown
Residential
16,787
Single Family
10,520
Multi-Family
6,267
Businesses
505
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Listed by: The Guarino Group • Lyv Realty
Mls Name: MLS PIN
Mls ID: #73432221