198 Locust St APT 308LynnMA01904
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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 198 Locust St APT 308, Lynn, MA, 01904 listed at $399,000 pairs $3,343/mo rent with a $1,953/mo payment to leave $828/mo cash flow. Total monthly income runs $3,343/mo, and annual cash flow reaches $9,937/yr on $132,269 cash to close. Return on cash invested measures 27.42% in year one, and rental yield registers 10.05% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 143.3% and total cumulative return in cash totals $189,542. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,343/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1988
4.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01904, Lynn, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,140 (100%) |
| Owner Occupied HU | 5,407 (75.7%) |
| Renter Occupied HU | 1,541 (21.6%) |
| Vacant Housing Units | 192 ( 2.7%) |
| Median Home Value | $591,866 |
| Average Home Value | $593,168 |
Housing Distribution
Address Breakdown
Residential
7,068
Single Family
6,368
Multi-Family
700
Businesses
419
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Listed by: Marlene Im • Restart Realty
Mls Name: MLS PIN
Mls ID: #73461693