1 McGarveys WayNantucketMA02554
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Nantucket at 1 McGarveys Way, Nantucket, MA, 02554 offers $2,741/mo rent that, after a $7,807/mo payment. Total monthly income is $2,741/mo. Return on cash invested measures 3.39% in year one, and rental yield stands at 2.06% at a $1,595,000 entry. Equity gained on principal adds $10,292/yr while 5% annual appreciation compounds into $440,669 by year five. Five-year ROI records 14.31% and total cumulative return in cash reaches $73,961. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,741/mo property income versus a $7,807/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02554, Nantucket, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,808 (100%) |
| Owner Occupied HU | 3,418 (26.7%) |
| Renter Occupied HU | 2,155 (16.8%) |
| Vacant Housing Units | 7,235 (56.5%) |
| Median Home Value | $1,340,198 |
| Average Home Value | $1,431,158 |
Housing Distribution
Address Breakdown
Residential
6,520
Single Family
6,463
Multi-Family
57
Businesses
763
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Nearby investment properties with comparable prices
Listed by: Paige Yates • Coldwell Banker Res Brokerage Nantucket
Mls Name: LINK
Mls ID: #92320