23 Franklin StLynnMA01902
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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 23 Franklin St, Lynn, MA, 01902 priced at $375,000 converts $2,903/mo rent into $540/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,903/mo, and annual cash flow totals $6,478/yr on $124,313 invested. Return on cash invested prints 25.12% in year one, and rental yield reads 9.29% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 130.94% and total cumulative return in cash sums $162,771. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,903/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1900
2,871 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: Maria Pena • Pena Realty Corporation
Mls Name: MLS PIN
Mls ID: #73437620