3 Cottage AveNantucketMA02554
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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
Rental property for sale in Nantucket at 3 Cottage Ave, Nantucket, MA, 02554 priced at $1,595,000 pairs $4,394/mo rent with after a $7,807/mo payment. Total monthly income equals $4,394/mo. Return on cash invested is 7.23% in year one, and rental yield stands at 3.31% on a $1,595,000 basis. Equity gained on principal adds $10,292/yr, and 5% annual appreciation accumulates to $440,669 by year five. Five-year ROI measures 34.9% and total cumulative return in cash reaches $180,341. For financing, Ziffy Mortgage’s DSCR program evaluates $4,394/mo property income against a $7,807/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02554, Nantucket, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,808 (100%) |
| Owner Occupied HU | 3,418 (26.7%) |
| Renter Occupied HU | 2,155 (16.8%) |
| Vacant Housing Units | 7,235 (56.5%) |
| Median Home Value | $1,340,198 |
| Average Home Value | $1,431,158 |
Housing Distribution
Address Breakdown
Residential
6,520
Single Family
6,463
Multi-Family
57
Businesses
763
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Listed by: Bruce Beni • Lee Real Estate
Mls Name: LINK
Mls ID: #92625