133 Eastern Ave UNIT 8LynnMA01902
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
Rental property for sale in Lynn at 133 Eastern Ave UNIT 8, Lynn, MA, 01902 generates $4,014/mo in rent and, after a $2,521/mo payment, leaves $768/mo in cash flow. Total monthly income is $4,014/mo, and annual cash flow is $9,213/yr on $169,435 invested. Return on cash invested sits at 25.5% in year one, and rental yield is 9.35% on a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 132.92% and total cumulative return in cash sums $225,217. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,014/mo property income rather than buyer’s personal income.
Townhouse
Built in 2008
0.36 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Weinand • The Proper Nest Real Estate
Mls Name: MLS PIN
Mls ID: #73451642