Investment Analysis — 53 Cook St

Lynn, MA 01902 — East Lynn

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01902 carries an estimated $3,080/mo in gross rent — about a 4.34% cap rate and $22,554/yr in estimated NOI at the $519,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,056

Style

Single Family

Built

1965

Welcome Home to 53 Cook Street Perfect Layout in this 6 Room Ranch with one-floor living with 1,056 sq ft of living space and sits on nice level lot of 6,020 sq ft of land. The main floor offers living room/dining room, spacious semi-modern eat-in-kitchen with sliders to the exterior deck, 3 bedrooms, and one and a half bathrooms. The lower level is a walkout exit and has plenty of storage space plus is partial finished with a bonus room for additional living space/office or bedroom. There is a large level yard with driveway car parking for 3+ cars. Conveniently located to shopping, restaurants, schools, trains, and public transportation.

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: 528 sq ft (the lesser of 900 sq ft or half the 1,056 sq ft principal dwelling). Lot size: 6,020 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 MLS and other third-party data may be inaccurate or out of date.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.