14 Carpenter RdLynnfieldMA01940
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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
Rental property for sale in Lynnfield at 14 Carpenter Rd, Lynnfield, MA, 01940 priced at $889,900 converts $4,907/mo rent into after a $4,356/mo obligation. Total monthly income equals $4,907/mo. Return on cash invested prints 17.18% in year one, and rental yield reads 6.62% against a $889,900 entry. Equity gained on principal adds $5,742/yr, while 5% annual appreciation compiles into $245,863 by year five. Five-year ROI reaches 88.33% and total cumulative return in cash sums $258,621. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,907/mo property income covering a $4,356/mo payment, not borrower’s personal income.
Single Family
Built in 1964
0.30 Acres 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
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Listed by: Jill O'Shaughnessy • Jill & Co. Realty Group
Mls Name: MLS PIN
Mls ID: #73428091