381 Commercial Street #U10ProvincetownMA02657
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Provincetown at 381 Commercial Street #U10, Provincetown, MA, 02657 generates $2,582/mo in rent, after a $4,547/mo payment. Total monthly income is $2,582/mo. Return on cash invested sits at 7.21% in year one, and rental yield is 3.34% on a $929,000 entry. Equity gained on principal adds $5,995/yr, while 5% annual appreciation builds toward $256,666 over five years. Five-year ROI reaches 34.85% and total cumulative return in cash sums $106,520. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,582/mo property income rather than buyer’s personal income.
Condo
Built in 1850
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02657, Provincetown, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,145 (100%) |
| Owner Occupied HU | 1,405 (27.3%) |
| Renter Occupied HU | 808 (15.7%) |
| Vacant Housing Units | 2,932 (57.0%) |
| Median Home Value | $1,091,004 |
| Average Home Value | $1,277,322 |
Housing Distribution
Address Breakdown
Residential
3,105
Single Family
2,976
Multi-Family
129
Businesses
500
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel R Lewis • JL+CoRE
Mls Name: CCIMLS
Mls ID: #22503021