218 Old Wharf Rd UNIT 237Dennis PtMA02639
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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 Dennis Pt at 218 Old Wharf Rd UNIT 237, Dennis Pt, MA, 02639 uses $58,013 cash to close to unlock $2,562/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $1,317/mo, and a $857/mo payment keeps the spread at $214/mo. Purchase price stands at $175,000, and rental yield measures 9.03% with $1,317/mo rent. Return on cash invested shows 24.33% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 126.71% and total cumulative return in cash records $73,507. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,317/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02639, Dennis Port, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,254 (100%) |
| Owner Occupied HU | 1,037 (19.7%) |
| Renter Occupied HU | 737 (14.0%) |
| Vacant Housing Units | 3,480 (66.2%) |
| Median Home Value | $647,401 |
| Average Home Value | $691,150 |
Housing Distribution
Address Breakdown
Residential
1,734
Single Family
1,570
Multi-Family
164
Businesses
167
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Listed by: N/A • N/A
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