24 Walden StLynnMA01905
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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 Walden St, Lynn, MA, 01905 offers $4,741/mo rent that, after a $2,887/mo payment, leaves $1,023/mo cash flow. Total monthly income is $4,741/mo, and annual cash flow is $12,279/yr on $194,077 cash. Return on cash invested measures 26.39% in year one, and rental yield stands at 9.64% at a $589,900 entry. Equity gained on principal adds $3,807/yr while 5% annual appreciation compounds into $162,978 by year five. Five-year ROI records 137.71% and total cumulative return in cash reaches $267,261. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,741/mo property income versus a $2,887/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
6,098 sqft 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: Connie Irving • Coldwell Banker Realty - Marblehead
Mls Name: MLS PIN
Mls ID: #73403882