1 Michael DrWarehamMA02571
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 Wareham at 1 Michael Dr, Wareham, MA, 02571 offers $3,448/mo rent that, after a $2,447/mo payment, leaves $297/mo cash flow. Total monthly income is $3,448/mo, and annual cash flow is $3,564/yr on $165,717 cash. Return on cash invested measures 22.06% in year one, and rental yield stands at 8.28% at a $499,900 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,113 by year five. Five-year ROI records 114.52% and total cumulative return in cash reaches $189,780. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,448/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
10,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02571, Wareham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,074 (100%) |
| Owner Occupied HU | 3,541 (58.3%) |
| Renter Occupied HU | 1,250 (20.6%) |
| Vacant Housing Units | 1,283 (21.1%) |
| Median Home Value | $599,211 |
| Average Home Value | $634,201 |
Housing Distribution
Address Breakdown
Residential
5,176
Single Family
4,820
Multi-Family
356
Businesses
418
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Nearby investment properties with comparable prices
Listed by: James Freeley • eXp Realty
Mls Name: MLS PIN
Mls ID: #73430255