54 Commercial Street UNIT 5ProvincetownMA02657
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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
Rental property for sale in Provincetown at 54 Commercial Street UNIT 5, Provincetown, MA, 02657 priced at $1,100,000 converts $2,430/mo rent into after a $5,384/mo obligation. Total monthly income equals $2,430/mo. Return on cash invested prints 5.21% in year one, and rental yield reads 2.65% against a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation compiles into $303,910 by year five. Five-year ROI reaches 24.06% and total cumulative return in cash sums $85,735. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,430/mo property income covering a $5,384/mo payment, not borrower’s personal income.
Condo
Built in 1850
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02657, Provincetown, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,145 (100%) |
| Owner Occupied HU | 1,405 (27.3%) |
| Renter Occupied HU | 808 (15.7%) |
| Vacant Housing Units | 2,932 (57.0%) |
| Median Home Value | $1,091,004 |
| Average Home Value | $1,277,322 |
Housing Distribution
Address Breakdown
Residential
3,105
Single Family
2,976
Multi-Family
129
Businesses
500
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Listed by: Stephen M Briscoe • SeasCape Realty, Inc.
Mls Name: CCIMLS
Mls ID: #22505894