11 1st 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 11 1st Way, Nantucket, MA, 02554 priced at $1,880,000 converts $3,881/mo rent into after a $9,202/mo obligation. Total monthly income equals $3,881/mo. Return on cash invested prints 4.67% in year one, and rental yield reads 2.48% against a $1,880,000 entry. Equity gained on principal adds $12,131/yr, while 5% annual appreciation compiles into $519,409 by year five. Five-year ROI reaches 21.19% and total cumulative return in cash sums $129,048. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,881/mo property income covering a $9,202/mo payment, not borrower’s personal income.
Single Family
Built in 1997
1.80 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Almodobar • BHHS Island Properties Nantucket
Mls Name: LINK
Mls ID: #91857
Disclaimer: All information provided is deemed reliable but is not guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.