347 Chestnut 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
Investment property for sale in Lynn at 347 Chestnut St, Lynn, MA, 01902 with 5% annual appreciation on a $807,700 basis while $5,370/mo rent supports operations. Total monthly income totals $5,370/mo and a $3,953/mo payment preserves $279/mo for cash returns. Annual cash flow comes to $3,354/yr on $265,733 deployed, and return on cash invested reaches 21.32% in year one. Equity gained on principal adds $5,212/yr, and five-year appreciation sums $223,153 alongside rental yield of 7.98%. Five-year ROI measures 110.54% and total cumulative return in cash totals $293,737.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,370/mo property income versus a $3,953/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1928
8,263 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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