6 Washburn StLynnMA01902
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 6 Washburn St, Lynn, MA, 01902 in Lynn deserves attention. This $429,800 property earns $4,020/mo in rent, a 11.22% gross yield, and nets $1,311/mo after the $1,933/mo payment. DSCR 2.08 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $118,746 compounds alongside $3,959/yr in yearly equity build, for a total cumulative return of $247,539.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.5% |
| Monthly Cash Flow | $1,311 | $420 |
City averages based on Lynn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,020 |
| Total Monthly Debt Service | $2,538 |
| DSCR Ratio | 1.58x |
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.
Single Family
Built in 1915
2,613 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
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
Single Family
Built in 1915
2,613 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A