215 Pilgrim Spring Road #6WellfleetMA02667
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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
Investment property for sale in Wellfleet at 215 Pilgrim Spring Road #6, Wellfleet, MA, 02667 offers a 5.05% rental yield on a $429,000 purchase with $1,806/mo rent. 33% in year one. Equity gained on principal adds $2,768/yr while 5% annual appreciation supports $118,525 over five years. Portfolio math shows five-year ROI at 62.34% and total cumulative return in cash at $88,657. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,806/mo property income against a $2,100/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1940
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02667, Wellfleet, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,356 (100%) |
| Owner Occupied HU | 1,477 (33.9%) |
| Renter Occupied HU | 317 ( 7.3%) |
| Vacant Housing Units | 2,562 (58.8%) |
| Median Home Value | $817,308 |
| Average Home Value | $874,250 |
Housing Distribution
Address Breakdown
Residential
1,311
Single Family
1,311
Multi-Family
0
Businesses
146
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Listed by: The Narrowland Group • Kinlin Grover Compass
Mls Name: CCIMLS
Mls ID: #22504815