29 Richard 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 29 Richard St, Lynn, MA, 01905 priced at $725,900 converts $4,596/mo rent into $21/mo cash flow after a $3,553/mo obligation. Total monthly income equals $4,596/mo, and annual cash flow totals $248/yr on $238,821 invested. Return on cash invested prints 20.16% in year one, and rental yield reads 7.6% against a $725,900 entry. Equity gained on principal adds $4,684/yr, while 5% annual appreciation compiles into $200,553 by year five. Five-year ROI reaches 104.33% and total cumulative return in cash sums $249,155. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,596/mo property income covering a $3,553/mo payment, not borrower’s personal income.
Single Family
Built in 2019
4,000 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: Colleen Toner • Toner Real Estate, LLC
Mls Name: MLS PIN
Mls ID: #73435013