Investment Analysis — 33 Parrott St

Lynn, MA 01902

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 01902 carries an estimated $5,120/mo in gross rent — about a 6.48% cap rate and $38,866/yr in estimated NOI at the $600,000 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

2,421

Style

2 Family - 2 Units Up/Down

Built

1900

This home does need a lot of work, but once done it will fit in beautifully with surrounding properties. Well maintained neighborhood, with similar two and single family homes. Beach is close by, as well as public transportation. You have two 5 room units exactly the same layout. two back balconies, plenty of off street parking, and a small back yard. Contractors delight for sure. Furnaces are updated as well as the hot water tanks. Buyers and buyer's agent

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 MLS and other third-party data may be inaccurate or out of date.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.

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