8 Ray 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
Rental property for sale in Lynn at 8 Ray St, Lynn, MA, 01905 priced at $750,000 pairs $2,819/mo rent with after a $3,671/mo payment. Total monthly income equals $2,819/mo. Return on cash invested is 10.78% in year one, and rental yield stands at 4.51% on a $750,000 basis. Equity gained on principal adds $4,840/yr, and 5% annual appreciation accumulates to $207,211 by year five. Five-year ROI measures 54% and total cumulative return in cash reaches $133,254. For financing, Ziffy Mortgage’s DSCR program evaluates $2,819/mo property income against a $3,671/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1910
1,873 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: Manrique Alvarenga • LPT Realty, LLC
Mls Name: MLS PIN
Mls ID: #73459271