38 N Water St #R2EdgartownMA02539
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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 Edgartown at 38 N Water St #R2, Edgartown, MA, 02539 priced at $275,000 pairs $2,174/mo rent with after a $1,346/mo payment. Total monthly income equals $2,174/mo. Return on cash invested is 18.89% in year one, and rental yield stands at 9.49% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 100.01% and total cumulative return in cash reaches $91,175. For financing, Ziffy Mortgage’s DSCR program evaluates $2,174/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1890
N/A lot
$N/A/sqft
$6,215 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02539, Edgartown, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,831 (100%) |
| Owner Occupied HU | 1,719 (29.5%) |
| Renter Occupied HU | 735 (12.6%) |
| Vacant Housing Units | 3,377 (57.9%) |
| Median Home Value | $1,267,586 |
| Average Home Value | $1,358,630 |
Housing Distribution
Address Breakdown
Residential
1,295
Single Family
1,295
Multi-Family
0
Businesses
346
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Listed by: Dawn Bellante Holand, 508.524.1601 • Sandpiper Realty
Mls Name: LINK
Mls ID: #42729
Disclaimer: 2025 LINK, All Rights Reserved. Data last updated: 2025-02-14 09:43:31 PST. Some properties may no longer be for sale if they have gone under contract, have sold, or are no longer being offered for sale since the last update.