154 Lynnway UNIT 520LynnMA01902
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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 Lynn at 154 Lynnway UNIT 520, Lynn, MA, 01902 generates $4,106/mo in rent and, after a $2,203/mo payment, leaves $1,269/mo in cash flow. Total monthly income is $4,106/mo, and annual cash flow is $15,231/yr on $149,175 invested. Return on cash invested sits at 30.12% in year one, and rental yield is 10.95% on a $449,999 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,326 over five years. Five-year ROI reaches 157.76% and total cumulative return in cash sums $235,337. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,106/mo property income rather than buyer’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: Haley Paster Scimone • Sagan Harborside Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73432390