262 Old Wharf Road UNIT 5Dennis PortMA02639
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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 Port at 262 Old Wharf Road UNIT 5, Dennis Port, MA, 02639 offers a 10.97% rental yield on a $235,000 purchase with $2,149/mo rent. Total monthly income registers $2,149/mo, and a $1,150/mo payment leaves $668/mo available for distribution. Annual cash flow reaches $8,016/yr on $77,903 to close, and return on cash invested stands at 30.2% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 158.23% and total cumulative return in cash at $123,268. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,149/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1948
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: Susan E Sullivan • Realty Consultants of Cape Cod
Mls Name: CCIMLS
Mls ID: #22505454