588 Main St APT 3C, Stoneham, MA, 02180 | $526/mo Cash Flow

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588 Main St APT 3C, Stoneham, MA, 02180 | $526/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

Beautifully updated & meticulously maintained, this spacious 2-bed, 1-bath condo at The Wedgewood offers comfort, convenience, & an ideal layout. Features 5 rooms, including a fantastic bonus room perfect for office or den. Inviting eat-in maple kitchen opens to living room with recessed lighting & laminate flooring, creating an easy, open flow. Both bedrooms are well-sized, & the full bath is crisp & clean. Enjoy two-car parking, a well-kept complex with coin-operated laundry, & 2 car parking. Just a 5-minute walk to Spot Pond & direct access to the Middlesex Fells Reservation for hiking, biking, canoeing, & kayaking. Stoneham Center is only a short drive away, with restaurants, shops, & everyday conveniences close by. Commuting is a breeze with a short walk to MBTA bus stop & quick access to I-93. Great for owner occupant or investor! Move-in ready with great space, location, and valuethis is a must-see!

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