249 Chatham 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 249 Chatham St, Lynn, MA, 01902 priced at $891,200 converts $1,440/mo rent into after a $4,362/mo obligation. Total monthly income equals $1,440/mo. Return on cash invested prints 2.96% in year one, and rental yield reads 1.94% against a $891,200 entry. Equity gained on principal adds $5,751/yr, while 5% annual appreciation compiles into $246,222 by year five. Five-year ROI reaches 12.09% and total cumulative return in cash sums $35,445. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $4,362/mo payment, not borrower’s personal income.
Multi Family
Built in 1890
6,098 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: N/A • N/A
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