53 Allen AveLynnMA01902
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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
Rental property for sale in Lynn at 53 Allen Ave, Lynn, MA, 01902 priced at $799,900 pairs $5,052/mo rent with $10/mo cash flow after a $3,915/mo payment. Total monthly income equals $5,052/mo, and annual cash flow comes to $126/yr on $263,167 invested. Return on cash invested is 20.11% in year one, and rental yield stands at 7.58% on a $799,900 basis. Equity gained on principal adds $5,162/yr, and 5% annual appreciation accumulates to $220,998 by year five. Five-year ROI measures 104.03% and total cumulative return in cash reaches $273,768. For financing, Ziffy Mortgage’s DSCR program evaluates $5,052/mo property income against a $3,915/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1890
6,673 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: Best of Boston Living Group • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73414160