24 Old Colony Way #8OrleansMA02653
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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 Orleans at 24 Old Colony Way #8, Orleans, MA, 02653 earns $509/mo cash flow from $2,432/mo rent with a $1,493/mo payment. Total monthly income totals $2,432/mo, and annual cash flow totals $6,114/yr on $101,108 capital. ROI tracks 25.96% on current figures, and rental yield reads 9.57% at a $305,000 purchase. Equity gained on principal adds $1,968/yr, and 5% annual appreciation supports $84,266 over five years. Five-year ROI reaches 135.43% and total cumulative return in cash sums $136,930. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,432/mo property income instead of your personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02653, Orleans, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,658 (100%) |
| Owner Occupied HU | 2,448 (43.3%) |
| Renter Occupied HU | 682 (12.1%) |
| Vacant Housing Units | 2,528 (44.7%) |
| Median Home Value | $973,958 |
| Average Home Value | $1,145,364 |
Housing Distribution
Address Breakdown
Residential
2,934
Single Family
2,560
Multi-Family
374
Businesses
585
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Listed by: Patty Howard • ERA Cape Real Estate, LLC
Mls Name: CCIMLS
Mls ID: #22504307