32 Clarendon AveLynnMA01902
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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 32 Clarendon Ave, Lynn, MA, 01902 with 5% annual appreciation on a $499,900 basis while $3,650/mo rent supports operations. Total monthly income totals $3,650/mo and a $2,447/mo payment preserves $499/mo for cash returns. Annual cash flow comes to $5,988/yr on $165,717 deployed, and return on cash invested reaches 23.52% in year one. Equity gained on principal adds $3,226/yr, and five-year appreciation sums $138,113 alongside rental yield of 8.76%. Five-year ROI measures 122.36% and total cumulative return in cash totals $202,764.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,650/mo property income versus a $2,447/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
4,800 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: Robert Berk • RE/MAX Vision
Mls Name: MLS PIN
Mls ID: #73422738