38 Everett StLynnMA01904
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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
Rental property for sale in Lynn at 38 Everett St, Lynn, MA, 01904 generates $3,444/mo in rent, after a $2,932/mo payment. Total monthly income is $3,444/mo. Return on cash invested sits at 18.04% in year one, and rental yield is 6.9% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 92.95% and total cumulative return in cash sums $183,178. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,444/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
9,649 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: Demostenes Nunez • Tremont Realty Group, LLC
Mls Name: MLS PIN
Mls ID: #73404168