24 Stephen St #2LynnMA01902
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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 24 Stephen St #2, Lynn, MA, 01902 offers $2,822/mo rent that, after a $2,692/mo payment. Total monthly income is $2,822/mo. Return on cash invested measures 15.79% in year one, and rental yield stands at 6.16% at a $550,000 entry. Equity gained on principal adds $3,549/yr while 5% annual appreciation compounds into $151,955 by year five. Five-year ROI records 80.86% and total cumulative return in cash reaches $146,314. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,822/mo property income versus a $2,692/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1873
4,583 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: The Reference Group • Reference Real Estate
Mls Name: MLS PIN
Mls ID: #73401912
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