710 Summer St, Lynnfield, MA, 01940 | 6.91% Rental Yield

For Sale

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

Rental property for sale in Lynnfield at 710 Summer St, Lynnfield, MA, 01940 generates $5,728/mo in rent, after a $4,870/mo payment. Total monthly income is $5,728/mo. Return on cash invested sits at 18.07% in year one, and rental yield is 6.91% on a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 93.09% and total cumulative return in cash sums $304,722. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,728/mo property income rather than buyer’s personal income.

Single Family

Built in 1966

9,505 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 01940, Lynnfield, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,904 (100%)
Owner Occupied HU	4,100 (83.6%)
Renter Occupied HU	638 (13.0%)
Vacant Housing Units	166 ( 3.4%)
Median Home Value	$945,887
Average Home Value	$1,004,203