119 Nahant St UNIT 1LynnMA01902
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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
Investment property for sale in Lynn at 119 Nahant St UNIT 1, Lynn, MA, 01902 uses $99,119 cash to close to unlock $5,447/yr annual cash flow and $454/mo monthly cash flow. Total monthly income runs $2,338/mo, and a $1,463/mo payment keeps the spread at $454/mo. Purchase price stands at $299,000, and rental yield measures 9.38% with $2,338/mo rent. Return on cash invested shows 25.4% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 132.46% and total cumulative return in cash records $131,290. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,338/mo property income covering a $1,463/mo payment rather than investor’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: Erin Lamb • RE/MAX 360
Mls Name: MLS PIN
Mls ID: #73397463