17 Broad 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
Rental property for sale in Lynn at 17 Broad St #2, Lynn, MA, 01902 generates $2,845/mo in rent and, after a $1,713/mo payment, leaves $414/mo in cash flow. Total monthly income is $2,845/mo, and annual cash flow is $4,969/yr on $116,025 invested. Return on cash invested sits at 24.19% in year one, and rental yield is 9.75% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 126.84% and total cumulative return in cash sums $147,170. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,845/mo property income rather than buyer’s personal income.
Condo
Built in 1890
1,660 sqft lot
$N/A/sqft
$225 monthly 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: Miguel Feliz • Compass
Mls Name: MLS PIN
Mls ID: #73356032
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