354 Broadway APT 3LynnMA01904
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
Investment property for sale in Lynn at 354 Broadway APT 3, Lynn, MA, 01904 uses $96,102 cash to close to unlock $6,897/yr annual cash flow and $575/mo monthly cash flow. Total monthly income runs $2,402/mo, and a $1,419/mo payment keeps the spread at $575/mo. Purchase price stands at $289,900, and rental yield measures 9.94% with $2,402/mo rent. Return on cash invested shows 27.09% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 141.47% and total cumulative return in cash records $135,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,402/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Condo
Built in 1985
0.91 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Connor • Connor Real Estate
Mls Name: MLS PIN
Mls ID: #73467043