16 Majors Cove LnEdgartownMA02539
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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
Total monthly income runs $3,955/mo, and a $8,932/mo payment. Purchase price stands at $1,825,000, and rental yield measures 2.6% with $3,955/mo rent. Return on cash invested shows 4.83% in year one, and 5% annual appreciation builds toward $504,214 over five years. Five-year ROI reaches 22.11% and total cumulative return in cash records $130,752. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,955/mo property income covering a $8,932/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.68 Acres lot
$N/A/sqft
$1,328 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02539, Edgartown, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,831 (100%) |
| Owner Occupied HU | 1,719 (29.5%) |
| Renter Occupied HU | 735 (12.6%) |
| Vacant Housing Units | 3,377 (57.9%) |
| Median Home Value | $1,267,586 |
| Average Home Value | $1,358,630 |
Housing Distribution
Address Breakdown
Residential
1,295
Single Family
1,295
Multi-Family
0
Businesses
346
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Listed by: Stephanie W Roache • Donnelly + Co.
Mls Name: Martha's Vineyard MLS
Mls ID: #32500119
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.