54 Harris RdLynnMA01904
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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 54 Harris Rd, Lynn, MA, 01904 at $509,900 posts ROI 30.12% with $1,406/mo cash flow from $4,620/mo rent. Total monthly income equals $4,620/mo, and annual cash flow records $16,871/yr on $167,757 to close. Return on cash invested measures 30.12% and rental yield reads 10.87% at the current $509,900. Equity gained on principal adds $3,290/yr, and 5% annual appreciation supports $140,876 by year five. Five-year ROI prints 157.7% and total cumulative return in cash totals $264,548.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,620/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1959
8,446 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: Marie Andrews • Pegasus Realty LLC
Mls Name: MLS PIN
Mls ID: #73417584