42 Old Colony Way APT 15OrleansMA02653
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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 Orleans at 42 Old Colony Way APT 15, Orleans, MA, 02653 offers a 10.01% rental yield on a $349,000 purchase with $2,910/mo rent. Total monthly income registers $2,910/mo, and a $1,708/mo payment leaves $710/mo available for distribution. Annual cash flow reaches $8,526/yr on $115,694 to close, and return on cash invested stands at 27.28% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 142.51% and total cumulative return in cash at $164,880. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,910/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02653, Orleans, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,658 (100%) |
| Owner Occupied HU | 2,448 (43.3%) |
| Renter Occupied HU | 682 (12.1%) |
| Vacant Housing Units | 2,528 (44.7%) |
| Median Home Value | $973,958 |
| Average Home Value | $1,145,364 |
Housing Distribution
Address Breakdown
Residential
2,934
Single Family
2,560
Multi-Family
374
Businesses
585
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Listed by: Angela Stevenson • Compass Massachusetts, LLC
Mls Name: CCIMLS
Mls ID: #22600138