358 Broadway APT 24LynnMA01904
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Lynn rentals match the income profile of 358 Broadway APT 24, Lynn, MA, 01904. Listed at $225,000, gross rent is $2,280/mo and net cash flow is $862/mo, a 12.16% yield well above national averages. DSCR 2.25 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $62,163 by year five with $2,072/yr in annual principal reduction, projecting $140,916 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.2% | 6.5% |
| Monthly Cash Flow | $862 | $420 |
City averages based on Lynn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,280 |
| Total Monthly Debt Service | $1,329 |
| DSCR Ratio | 1.72x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1975
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
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
Condo
Built in 1975
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