73 Locksley RdLynnfieldMA01940
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
Investment Highlights
Investment property for sale in Lynnfield at 73 Locksley Rd, Lynnfield, MA, 01940 at $899,000 posts ROI 16.21% with from $4,718/mo rent. Total monthly income equals $4,718/mo. Return on cash invested measures 16.21% and rental yield reads 6.3% at the current $899,000. Equity gained on principal adds $5,801/yr, and 5% annual appreciation supports $248,377 by year five. Five-year ROI prints 83.14% and total cumulative return in cash totals $245,890. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,718/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1952
10,454 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 |
Housing Distribution
Address Breakdown
Residential
4,985
Single Family
4,085
Multi-Family
900
Businesses
559
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Louise Touchette Team • Coldwell Banker Realty - Lynnfield
Mls Name: MLS PIN
Mls ID: #73424301