1200 Salem St APT 151LynnfieldMA01940
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1200 Salem St APT 151, Lynnfield, MA, 01940 in Lynnfield at $639,900 earns $4,820/mo in rent and nets $185/mo after the $2,877/mo payment, a 9.04% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $176,793 over five years. Ziffy Mortgage underwrites this on a 1.68 DSCR without U.S. credit history. With $5,894/yr in principal paydown, total projected return reaches $293,610.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 5.2% |
| Monthly Cash Flow | $185 | $600 |
City averages based on Lynnfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,820 |
| Total Monthly Debt Service | $3,779 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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