220 Parkland AveLynnMA01905
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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 220 Parkland Ave, Lynn, MA, 01905 priced at $599,900 converts $4,416/mo rent into $635/mo cash flow after a $2,936/mo obligation. Total monthly income equals $4,416/mo, and annual cash flow totals $7,622/yr on $197,367 invested. Return on cash invested prints 23.92% in year one, and rental yield reads 8.83% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 124.5% and total cumulative return in cash sums $245,716. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,416/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 1944
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01905, Lynn, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,489 (100%) |
| Owner Occupied HU | 4,328 (45.6%) |
| Renter Occupied HU | 4,851 (51.1%) |
| Vacant Housing Units | 310 ( 3.3%) |
| Median Home Value | $571,318 |
| Average Home Value | $612,037 |
Housing Distribution
Address Breakdown
Residential
9,026
Single Family
6,917
Multi-Family
2,109
Businesses
507
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Listed by: Regina Paratore • RE/MAX 360
Mls Name: MLS PIN
Mls ID: #73461394