12 Wright St #1StonehamMA02180
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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 Stoneham at 12 Wright St #1, Stoneham, MA, 02180 priced at $612,400 converts $936/mo rent into after a $2,997/mo obligation. Total monthly income equals $936/mo. Return on cash invested prints 2.65% in year one, and rental yield reads 1.83% against a $612,400 entry. Equity gained on principal adds $3,952/yr, while 5% annual appreciation compiles into $169,195 by year five. Five-year ROI reaches 10.41% and total cumulative return in cash sums $20,969. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $936/mo property income covering a $2,997/mo payment, not borrower’s personal income.
Condo
Built in 1850
9,535 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02180, Stoneham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,649 (100%) |
| Owner Occupied HU | 6,678 (62.7%) |
| Renter Occupied HU | 3,597 (33.8%) |
| Vacant Housing Units | 374 ( 3.5%) |
| Median Home Value | $715,824 |
| Average Home Value | $796,350 |
Housing Distribution
Address Breakdown
Residential
10,121
Single Family
6,549
Multi-Family
3,572
Businesses
841
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Listed by: N/A • N/A
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Mls ID: #N/A