23 Tophet RdLynnfieldMA01940
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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 Lynnfield at 23 Tophet Rd, Lynnfield, MA, 01940 listed at $1,425,000 pairs $7,013/mo rent with a $6,975/mo payment. Total monthly income runs $7,013/mo. Return on cash invested measures 15.25% in year one, and rental yield registers 5.91% at a $1,425,000 basis. Equity gained on principal adds $9,195/yr, and annual property appreciation at 5% supports $393,701 by year five. Five-year ROI tracks 77.93% and total cumulative return in cash totals $359,816. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,013/mo property income relative to a $6,975/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
1.19 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,985
Single Family
4,085
Multi-Family
900
Businesses
559
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Listed by: Hixon + Bevilacqua Home Group • Coldwell Banker Realty - Lynnfield
Mls Name: MLS PIN
Mls ID: #73446635