121 Johnson St APT 3L, Lynn, MA, 01902 | $742/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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121 Johnson St APT 3L, Lynn, MA, 01902 | $742/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lynn at 121 Johnson St APT 3L, Lynn, MA, 01902 uses $104,423 cash to close to unlock $8,908/yr annual cash flow and $742/mo monthly cash flow. Total monthly income runs $2,728/mo, and a $1,542/mo payment keeps the spread at $742/mo. Purchase price stands at $315,000, and rental yield measures 10.39% with $2,728/mo rent. Return on cash invested shows 28.44% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 148.75% and total cumulative return in cash records $155,333. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,728/mo property income covering a $1,542/mo payment rather than investor’s personal income.

Condo

Built in 1900

N/A lot

$N/A/sqft

No HOA

More details about the property

This top-floor 2-bedroom, 1-bath condo is move-in ready. Featuring a spacious living room, eat-in kitchen, and hardwood floors throughout, this unit offers strong rental appeal. One bedroom opens to a private deckperfect for outdoor relaxationplus theres a shared deck for additional space. Enjoy in-unit washer/dryer and private basement storage. Conveniently located near public transportation and popular dining spots, this property combines comfort with prime location. Ideal for investors seeking steady rental income or long-term appreciation. 24 hour notice to show the property is appreciated.

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