66 Main St APT 37A, Stoneham, MA, 02180 | $442/mo Cash Flow

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66 Main St APT 37A, Stoneham, MA, 02180 | $442/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 66 Main St APT 37A, Stoneham, MA, 02180 listed at $229,900 pairs $1,891/mo rent with a $1,125/mo payment to leave $442/mo cash flow. Total monthly income runs $1,891/mo, and annual cash flow reaches $5,307/yr on $76,212 cash to close. Return on cash invested measures 26.87% in year one, and rental yield registers 9.87% at a $229,900 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,517 by year five. Five-year ROI tracks 140.39% and total cumulative return in cash totals $106,991. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,891/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1967

N/A lot

$N/A/sqft

No HOA

More details about the property

Fantastic opportunity at Buckingham Terrace, Stonehams sought-after condo complex! This unit, ready for minor updates, mirrors a recent sale at 64 Main St, Unit 37B for $260,000. Transform it with vinyl flooring in the kitchen, living room, and bathroom, fresh paint, and reglazed bathroom tiles/tub. Previously rented for $1,900/month, its a proven investment or ideal starter home. Condo fee covers heat, hot water, water, sewer, exterior maintenance, and pool access (see details for full scope). Enjoy a spacious kitchen, dining area, living room/bedroom combo, full bath, private balcony, and one deeded parking spot. Relax by the community pool on warm days. Prime location with unmatched convenience!

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