13 Essex St #2LynnMA01902
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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 13 Essex St #2, Lynn, MA, 01902 offers a 9.98% rental yield on a $749,999 purchase with $6,235/mo rent. Total monthly income registers $6,235/mo, and a $3,671/mo payment leaves $1,508/mo available for distribution. Annual cash flow reaches $18,093/yr on $246,750 to close, and return on cash invested stands at 27.39% in year one. Equity gained on principal adds $4,840/yr while 5% annual appreciation supports $207,211 over five years. Portfolio math shows five-year ROI at 143.09% and total cumulative return in cash at $353,069. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,235/mo property income against a $3,671/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1910
0.44 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: Emmanuel Paul • Redfin Corp.
Mls Name: MLS PIN
Mls ID: #73435194