22 Wallace PointBourneMA02532
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bourne at 22 Wallace Point, Bourne, MA, 02532 offers $2,714/mo rent that, after a $2,594/mo payment. Total monthly income is $2,714/mo. Return on cash invested measures 15.75% in year one, and rental yield stands at 6.15% at a $529,900 entry. Equity gained on principal adds $3,419/yr while 5% annual appreciation compounds into $146,402 by year five. Five-year ROI records 80.65% and total cumulative return in cash reaches $140,603. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,714/mo property income versus a $2,594/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02532, Buzzards Bay, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,233 (100%) |
| Owner Occupied HU | 4,416 (61.1%) |
| Renter Occupied HU | 1,364 (18.9%) |
| Vacant Housing Units | 1,453 (20.1%) |
| Median Home Value | $628,945 |
| Average Home Value | $708,381 |
Housing Distribution
Address Breakdown
Residential
6,219
Single Family
5,812
Multi-Family
407
Businesses
479
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Listed by: Cape Cod Retirement Group • Kinlin Grover Compass
Mls Name: CCIMLS
Mls ID: #22502742