28 Minot StLynnMA01905
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 28 Minot St, Lynn, MA, 01905 priced at $1,099,000 pairs $3,874/mo rent with after a $5,379/mo payment. Total monthly income equals $3,874/mo. Return on cash invested is 10.08% in year one, and rental yield stands at 4.23% on a $1,099,000 basis. Equity gained on principal adds $7,092/yr, and 5% annual appreciation accumulates to $303,633 by year five. Five-year ROI measures 50.21% and total cumulative return in cash reaches $178,782. For financing, Ziffy Mortgage’s DSCR program evaluates $3,874/mo property income against a $5,379/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
2,487 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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Nearby investment properties with comparable prices
Listed by: Eclipse Group • Cameron Real Estate Group
Mls Name: MLS PIN
Mls ID: #73434868