50 Canonicus AvenueOak 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 50 Canonicus Avenue, Oak Bluffs, MA, 02557 offers $3,797/mo rent that, after a $4,748/mo payment. Total monthly income is $3,797/mo. Return on cash invested measures 11.35% in year one, and rental yield stands at 4.7% at a $970,000 entry. Equity gained on principal adds $6,259/yr while 5% annual appreciation compounds into $267,993 by year five. Five-year ROI records 57.04% and total cumulative return in cash reaches $182,033. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,797/mo property income versus a $4,748/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,791 sqft 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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Nearby investment properties with comparable prices
Listed by: Michele A Moore • Island Real Estate
Mls Name: CCIMLS
Mls ID: #22505096