2 Witham St, Lynnfield, MA, 01940 | 6.93% Rental Yield

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2 Witham St, Lynnfield, MA, 01940 | 6.93% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lynnfield at 2 Witham St, Lynnfield, MA, 01940 offers a 6.93% rental yield on a $995,000 purchase with $5,744/mo rent. 13% in year one. Equity gained on principal adds $6,421/yr while 5% annual appreciation supports $274,900 over five years. Portfolio math shows five-year ROI at 93.4% and total cumulative return in cash at $305,742. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,744/mo property income against a $4,870/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1952

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for a warm, well-maintained, and spacious single-family home? Look no further. Situated at 2 Witham St, Lynnfield, this five-bedroom, two-full-bathroom home offers 3,362 square feet of living space in a desirable neighborhood. Upon entering, you will be greeted by a welcoming foyer that leads to a spacious living room, followed by a dining room on the gleaming hardwood floor, which leads to a beautiful kitchen with a granite floor. To the right, you will discover generously sized bedrooms. Then, on the finished, walk-out basement with ample spaces, including a family/media room, office, full bathroom, so much space for gathering and entertainment.

Neighborhood Data

Neighborhood data shown for ZIP Code: 01940, Lynnfield, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,904 (100%)
Owner Occupied HU	4,100 (83.6%)
Renter Occupied HU	638 (13.0%)
Vacant Housing Units	166 ( 3.4%)
Median Home Value	$945,887
Average Home Value	$1,004,203