21 Norris AveOak BluffsMA02557
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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 $3,048/mo, and a $3,916/mo payment. Purchase price stands at $800,000, and rental yield measures 4.57% with $3,048/mo rent. Return on cash invested shows 10.97% in year one, and 5% annual appreciation builds toward $221,025 over five years. Five-year ROI reaches 55.01% and total cumulative return in cash records $144,788. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,048/mo property income covering a $3,916/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02557, Oak Bluffs, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 741 (100%) |
| Owner Occupied HU | 235 (31.7%) |
| Renter Occupied HU | 87 (11.7%) |
| Vacant Housing Units | 419 (56.5%) |
| Median Home Value | $1,068,750 |
| Average Home Value | $1,091,638 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
234
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Listed by: Rene A Ben David • Ocean Park Realty, Inc.
Mls Name: Martha's Vineyard MLS
Mls ID: #32500202
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