47 E Chop Dr UNIT 1Oak BluffsMA02557
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 Oak Bluffs at 47 E Chop Dr UNIT 1, Oak Bluffs, MA, 02557 offers $2,914/mo rent that, after a $7,317/mo payment. Total monthly income is $2,914/mo. Return on cash invested measures 4.25% in year one, and rental yield stands at 2.34% at a $1,495,000 entry. Equity gained on principal adds $9,647/yr while 5% annual appreciation compounds into $413,041 by year five. Five-year ROI records 18.91% and total cumulative return in cash reaches $91,573. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,914/mo property income versus a $7,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1952
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02557, Oak Bluffs, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 741 (100%) |
| Owner Occupied HU | 235 (31.7%) |
| Renter Occupied HU | 87 (11.7%) |
| Vacant Housing Units | 419 (56.5%) |
| Median Home Value | $1,068,750 |
| Average Home Value | $1,091,638 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
234
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Listed by: Perry W Patterson • MV Luxury Homes, LLC
Mls Name: Martha's Vineyard MLS
Mls ID: #32500131