70 Exchange St APT 206LynnMA01901
INVESTMENT ANALYSIS
Investment Verdict
Solid Income70 Exchange St APT 206, Lynn, MA, 01901 in Lynn is a stable, well-positioned rental at $429,000. Rental yield 8.32%. DSCR 1.46 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $118,525 in value and $3,596/yr in principal paydown builds equity, a total projected return of $172,177.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.5% |
| Monthly Cash Flow | $(518) | $420 |
City averages based on Lynn market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,974 |
| Total Monthly Debt Service | $2,638 |
| DSCR Ratio | 1.13x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1924
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01901, Lynn, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,461 (100%) |
| Owner Occupied HU | 166 ( 6.7%) |
| Renter Occupied HU | 2,160 (87.8%) |
| Vacant Housing Units | 135 ( 5.5%) |
| Median Home Value | $541,667 |
| Average Home Value | $515,828 |
Housing Distribution
Address Breakdown
Residential
1,961
Single Family
40
Multi-Family
1,921
Businesses
531
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Graeme Jones • Coldwell Banker Realty - Marblehead
Mls Name: MLS PIN
Mls ID: #73473794
