8 Lafayette Park APT 1LynnMA01902
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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 8 Lafayette Park APT 1, Lynn, MA, 01902 at $240,000 posts ROI 21.98% with $137/mo cash flow from $1,650/mo rent. Total monthly income equals $1,650/mo, and annual cash flow records $1,644/yr on $79,560 to close. Return on cash invested measures 21.98% and rental yield reads 8.25% at the current $240,000. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 by year five. Five-year ROI prints 114.06% and total cumulative return in cash totals $90,746.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,650/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1986
0.51 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,787
Single Family
10,520
Multi-Family
6,267
Businesses
505
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Listed by: Marc Fiore • Cameron Real Estate Group
Mls Name: MLS PIN
Mls ID: #73449527