75 Grove StLynnMA01905
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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
Investment Highlights
Investment property for sale in Lynn at 75 Grove St, Lynn, MA, 01905 uses $165,750 cash to close to unlock $17,266/yr annual cash flow and $1,439/mo monthly cash flow. Total monthly income runs $4,590/mo, and a $2,447/mo payment keeps the spread at $1,439/mo. Purchase price stands at $500,000, and rental yield measures 11.02% with $4,590/mo rent. Return on cash invested shows 30.33% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 158.85% and total cumulative return in cash records $263,288. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,590/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 1860
4,263 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 01905, Lynn, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,489 (100%) |
| Owner Occupied HU | 4,328 (45.6%) |
| Renter Occupied HU | 4,851 (51.1%) |
| Vacant Housing Units | 310 ( 3.3%) |
| Median Home Value | $571,318 |
| Average Home Value | $612,037 |
Housing Distribution
Address Breakdown
Residential
9,026
Single Family
6,917
Multi-Family
2,109
Businesses
507
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Listed by: Katie DiVirgilio • RE/MAX 360
Mls Name: MLS PIN
Mls ID: #73449147