17 Wave StLynnMA01902
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 17 Wave St, Lynn, MA, 01902 priced at $999,000 converts $6,762/mo rent into $465/mo cash flow after a $4,890/mo obligation. Total monthly income equals $6,762/mo, and annual cash flow totals $5,581/yr on $328,671 invested. Return on cash invested prints 21.76% in year one, and rental yield reads 8.12% against a $999,000 entry. Equity gained on principal adds $6,446/yr, while 5% annual appreciation compiles into $276,005 by year five. Five-year ROI reaches 112.89% and total cumulative return in cash sums $371,030. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,762/mo property income covering a $4,890/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,050 sqft 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: ResCo Team • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73408257