42 Old Colony Way UNIT 8OrleansMA02653
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 Orleans at 42 Old Colony Way UNIT 8, Orleans, MA, 02653 offers $2,486/mo rent that, after a $1,463/mo payment. Total monthly income is $2,486/mo. Return on cash invested measures 19.33% in year one, and rental yield stands at 9.98% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 102.71% and total cumulative return in cash reaches $101,806. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,486/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1971
N/A lot
$N/A/sqft
$650 monthly 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: Guthrie Schofield Group • Berkshire Hathaway HomeServices Robert Paul Properties
Mls Name: CCIMLS
Mls Provider:
Mls ID: #22500246
Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Cape Cod & Islands Multiple Listing Service, Inc. Detailed information about real estate listings held by brokerage firms other than CC&I Assoc. of REALTORS, Inc. includes the name of the listing company. Neither the listing company nor CC&I Assoc. of REALTORS, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. This site was last updated 2022-04-05 08:58:10 PDT. All properties are subject to prior sale, changes, or withdrawal. Copyright 2022 Cape Cod & Islands Multiple Listing Service, Inc. All rights reserved.