12 Chancery Ct APT 404LynnMA01902
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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 12 Chancery Ct APT 404, Lynn, MA, 01902 earns $414/mo cash flow from $3,121/mo rent with a $2,102/mo payment. Total monthly income totals $3,121/mo, and annual cash flow totals $4,971/yr on $142,346 capital. ROI tracks 23.4% on current figures, and rental yield reads 8.72% at a $429,400 purchase. Equity gained on principal adds $2,771/yr, and 5% annual appreciation supports $118,635 over five years. Five-year ROI reaches 121.73% and total cumulative return in cash sums $173,274. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,121/mo property income instead of your personal income.
Condo
Built in 1988
0.66 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: Edmund Wong • New Year Realty
Mls Name: MLS PIN
Mls ID: #73466959