154 Lynnway UNIT 205LynnMA01902
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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 154 Lynnway UNIT 205, Lynn, MA, 01902 uses $122,622 cash to close to unlock $12,541/yr annual cash flow and $1,045/mo monthly cash flow. Total monthly income runs $3,376/mo, and a $1,810/mo payment keeps the spread at $1,045/mo. Purchase price stands at $369,900, and rental yield measures 10.95% with $3,376/mo rent. Return on cash invested shows 30.14% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 157.86% and total cumulative return in cash records $193,570. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,376/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Condo
Built in 1985
4.34 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: Patrick Boyle • Cameron Real Estate Group
Mls Name: MLS PIN
Mls ID: #73451271