Investment Analysis — 24 Vokes Terrace

Lynnfield, MA 01940

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01940 carries an estimated $3,250/mo in gross rent — about a 3.28% cap rate and $22,312/yr in estimated NOI at the $679,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,586

Style

Single Family

Built

1940

Looking for great opportunity to purchase in Lynnfield. This charming Cape is the one. Home features front to back fireplaced living room with hardwood floors. There is a dining room off the newly updated kitchen having granite counters, stainless steel appliances and tile floor. The second floor has 2 spacious bedrooms with hardwood flooring and a full bath. Lower level has front to back playroom and large laundry area. Spend summer nights in the great sunroom off the kitchen overlooking the yard. One car detached garage. Conveniently located to highways, schools, shopping, and Market Street. Great value!!!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 793 sq ft (the lesser of 900 sq ft or half the 1,586 sq ft principal dwelling). Lot size: 5,001 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.