12 Cottage Street UNIT 2ProvincetownMA02657
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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 Provincetown at 12 Cottage Street UNIT 2, Provincetown, MA, 02657 generates $3,590/mo in rent, after a $7,337/mo payment. Total monthly income is $3,590/mo. Return on cash invested sits at 5.9% in year one, and rental yield is 2.87% on a $1,499,000 entry. Equity gained on principal adds $9,673/yr, while 5% annual appreciation builds toward $414,146 over five years. Five-year ROI reaches 27.75% and total cumulative return in cash sums $134,769. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,590/mo property income rather than buyer’s personal income.
Condo
Built in 1847
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02657, Provincetown, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,145 (100%) |
| Owner Occupied HU | 1,405 (27.3%) |
| Renter Occupied HU | 808 (15.7%) |
| Vacant Housing Units | 2,932 (57.0%) |
| Median Home Value | $1,091,004 |
| Average Home Value | $1,277,322 |
Housing Distribution
Address Breakdown
Residential
3,105
Single Family
2,976
Multi-Family
129
Businesses
500
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Listed by: Joel J Harms • William Raveis Real Estate & Home Services
Mls Name: CCIMLS
Mls ID: #22505147