Investment Analysis — 28 Cobb Ln

Lynn, MA 01904

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01904 carries an estimated $2,560/mo in gross rent — about a 2.56% cap rate and $17,391/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

1,400

Style

Single Family

Built

1941

This Ward 1 (1941) Colonial is just minutes from Shoe Maker Elementary School, Routes 1, 128, 95 and a mere 20 minutes to Boston. Built-in bookcases and fireplace enhance the LR. A bay window, stained glass chandelier, & lovely built-in corner china cabinet in the DR. Off the adjoining 3-season room is the deck. Kitchen boasts Viscount granite counters/backsplash, and new stainless appliances, below counter microwave, center island and unique brick floor. A half bath completes this floor. Hardwood floors, wainscoting, cedar closets throughout. On the 2nd floor are 2 huge bedrooms, full bath, laundry closet and stairs to the walk-up attic. The lower level features a family room and workshop space. Additional features include 1 car garage w/ wall-to-wall slatwall and storage loft; water softener, three stage macro filter and descaler, shed with potting shed/greenhouse and garden area. The solar is owned outright--the home's 4 mini splits are electric so you will welcome the enormous savings.

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: 700 sq ft (the lesser of 900 sq ft or half the 1,400 sq ft principal dwelling). Lot size: 7,301 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.