47 E Chop Dr UNIT 2, Oak Bluffs, MA, 02557 | 2.34% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,917/mo, and a $7,317/mo payment. Purchase price stands at $1,495,000, and rental yield measures 2.34% with $2,917/mo rent. Return on cash invested shows 4.25% in year one, and 5% annual appreciation builds toward $413,041 over five years. Five-year ROI reaches 18.94% and total cumulative return in cash records $91,753. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,917/mo property income covering a $7,317/mo payment rather than investor’s personal income.

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