320 Coles Neck RoadWellfleetMA02667
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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 Wellfleet at 320 Coles Neck Road, Wellfleet, MA, 02667 priced at $669,900 converts $3,862/mo rent into after a $3,279/mo obligation. Total monthly income equals $3,862/mo. Return on cash invested prints 18.1% in year one, and rental yield reads 6.92% against a $669,900 entry. Equity gained on principal adds $4,323/yr, while 5% annual appreciation compiles into $185,081 by year five. Five-year ROI reaches 93.25% and total cumulative return in cash sums $205,521. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,862/mo property income covering a $3,279/mo payment, not borrower’s personal income.
Single Family
Built in 1977
1.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02667, Wellfleet, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,356 (100%) |
| Owner Occupied HU | 1,477 (33.9%) |
| Renter Occupied HU | 317 ( 7.3%) |
| Vacant Housing Units | 2,562 (58.8%) |
| Median Home Value | $817,308 |
| Average Home Value | $874,250 |
Housing Distribution
Address Breakdown
Residential
1,311
Single Family
1,311
Multi-Family
0
Businesses
146
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Listed by: William Mandell • Cameron Prestige LLC
Mls Name: CCIMLS
Mls ID: #22503393