6 Myrtle StStonehamMA02180
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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 6 Myrtle St, Stoneham, MA, 02180 priced at $689,000 converts $4,237/mo rent into after a $3,372/mo obligation. Total monthly income equals $4,237/mo. Return on cash invested prints 19.5% in year one, and rental yield reads 7.38% against a $689,000 entry. Equity gained on principal adds $4,446/yr, while 5% annual appreciation compiles into $190,358 by year five. Five-year ROI reaches 100.78% and total cumulative return in cash sums $228,450. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,237/mo property income covering a $3,372/mo payment, not borrower’s personal income.
Single Family
Built in 1945
7,126 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: Craig Celli • Century 21 North East
Mls Name: MLS PIN
Mls ID: #73434738