9 Beach Rd APT 4LynnMA01902
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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 9 Beach Rd APT 4, Lynn, MA, 01902 priced at $279,900 pairs $2,610/mo rent with $846/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,610/mo, and annual cash flow comes to $10,150/yr on $92,787 invested. Return on cash invested is 30.85% in year one, and rental yield stands at 11.19% on a $279,900 basis. Equity gained on principal adds $1,806/yr, and 5% annual appreciation accumulates to $77,331 by year five. Five-year ROI measures 161.65% and total cumulative return in cash reaches $149,989. For financing, Ziffy Mortgage’s DSCR program evaluates $2,610/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1945
N/A 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: Andrea Satterwhite • Michael Anthony Real Estate
Mls Name: MLS PIN
Mls ID: #73457189