1200 Salem St APT 151LynnfieldMA01940
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lynnfield at 1200 Salem St APT 151, Lynnfield, MA, 01940 offers a 9.04% rental yield on a $639,900 purchase with $4,820/mo rent. Total monthly income registers $4,820/mo, and a $3,132/mo payment leaves $787/mo available for distribution. Annual cash flow reaches $9,442/yr on $210,527 to close, and return on cash invested stands at 24.55% in year one. Equity gained on principal adds $4,129/yr while 5% annual appreciation supports $176,793 over five years. Portfolio math shows five-year ROI at 127.82% and total cumulative return in cash at $269,087. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,820/mo property income against a $3,132/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01940, Lynnfield, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,904 (100%) |
| Owner Occupied HU | 4,100 (83.6%) |
| Renter Occupied HU | 638 (13.0%) |
| Vacant Housing Units | 166 ( 3.4%) |
| Median Home Value | $945,887 |
| Average Home Value | $1,004,203 |
Housing Distribution
Address Breakdown
Residential
4,985
Single Family
4,085
Multi-Family
900
Businesses
559
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nikki Martin Team • Compass
Mls Name: MLS PIN
Mls ID: #73474652