31 Virginia TerLynnMA01904
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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
Investment property for sale in Lynn at 31 Virginia Ter, Lynn, MA, 01904 uses $278,005 cash to close to unlock $1,380/yr annual cash flow and $115/mo monthly cash flow. Total monthly income runs $5,441/mo, and a $4,136/mo payment keeps the spread at $115/mo. Purchase price stands at $845,000, and rental yield measures 7.73% with $5,441/mo rent. Return on cash invested shows 20.56% in year one, and 5% annual appreciation builds toward $233,458 over five years. Five-year ROI reaches 106.43% and total cumulative return in cash records $295,872. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,441/mo property income covering a $4,136/mo payment rather than investor’s personal income.
Single Family
Built in 1916
7,301 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01904, Lynn, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,140 (100%) |
| Owner Occupied HU | 5,407 (75.7%) |
| Renter Occupied HU | 1,541 (21.6%) |
| Vacant Housing Units | 192 ( 2.7%) |
| Median Home Value | $591,866 |
| Average Home Value | $593,168 |
Housing Distribution
Address Breakdown
Residential
7,068
Single Family
6,368
Multi-Family
700
Businesses
419
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Listed by: Haley Paster Scimone • Sagan Harborside Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73412373