824 Summer 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 824 Summer St, Lynn, MA, 01905 with 5% annual appreciation on a $265,000 basis while $4,079/mo rent supports operations. Total monthly income totals $4,079/mo and a $1,297/mo payment preserves $2,320/mo for cash returns. Annual cash flow comes to $27,835/yr on $87,848 deployed, and return on cash invested reaches 51.59% in year one. Equity gained on principal adds $1,710/yr, and five-year appreciation sums $73,215 alongside rental yield of 18.47%. Five-year ROI measures 273.37% and total cumulative return in cash totals $240,147.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,079/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1888
2,390 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: Anita Voutsas • RE/MAX 360
Mls Name: MLS PIN
Mls ID: #73415239
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