70 Mudge St #13, Lynn, MA, 01902 | $626/mo Cash Flow

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70 Mudge St #13, Lynn, MA, 01902 | $626/mo Cash Flow | Ziffy

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lynn at 70 Mudge St #13, Lynn, MA, 01902 earns $626/mo cash flow from $2,233/mo rent with a $1,248/mo payment. Total monthly income totals $2,233/mo, and annual cash flow totals $7,510/yr on $84,533 capital. ROI tracks 28.79% on current figures, and rental yield reads 10.51% at a $255,000 purchase. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 over five years. Five-year ROI reaches 150.63% and total cumulative return in cash sums $127,328. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,233/mo property income instead of your personal income.

Condo

Built in 1970

N/A lot

$N/A/sqft

No HOA

More details about the property

Move right into this updated 1-bedroom unit on the Swampscott line, nestled in a quiet, tree-lined residential neighborhood. The spacious bedroom features a walk-in closet, and the full bath has been tastefully updated. The eat-in kitchen offers added base cabinets with a butcher block countertop, new dishwasher, refrigerator, faucet, pantry cabinet, and updated lighting. Enjoy hardwood floors and a new wall AC unit. Additional features include an assigned parking spot, extra storage, and on-site laundry just one floor below with brand-new machines. Professionally managed building with easy access to the beach, shopping, public transportation, and schools.

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