588 Main St APT 3CStonehamMA02180
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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
Investment property for sale in Stoneham at 588 Main St APT 3C, Stoneham, MA, 02180 offers a 9.23% rental yield on a $379,000 purchase with $2,915/mo rent. Total monthly income registers $2,915/mo, and a $1,855/mo payment leaves $526/mo available for distribution. Annual cash flow reaches $6,315/yr on $125,639 to close, and return on cash invested stands at 24.94% in year one. Equity gained on principal adds $2,446/yr while 5% annual appreciation supports $104,711 over five years. Portfolio math shows five-year ROI at 129.97% and total cumulative return in cash at $163,295. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,915/mo property income against a $1,855/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
N/A 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: Brian & Diana Segool • Gibson Sotheby's International Realty
Mls Name: MLS PIN
Mls ID: #73458375