56 Skyline DriveChathamMA02633
Nearby investment properties with comparable rents
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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 Chatham at 56 Skyline Drive, Chatham, MA, 02633 priced at $1,599,000 converts $4,436/mo rent into after a $7,826/mo obligation. Total monthly income equals $4,436/mo. Return on cash invested prints 7.3% in year one, and rental yield reads 3.33% against a $1,599,000 entry. Equity gained on principal adds $10,318/yr, while 5% annual appreciation compiles into $441,774 by year five. Five-year ROI reaches 35.29% and total cumulative return in cash sums $182,845. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,436/mo property income covering a $7,826/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02633, Chatham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,440 (100%) |
| Owner Occupied HU | 1,938 (35.6%) |
| Renter Occupied HU | 468 ( 8.6%) |
| Vacant Housing Units | 3,034 (55.8%) |
| Median Home Value | $957,526 |
| Average Home Value | $1,225,215 |
Housing Distribution
Address Breakdown
Residential
3,218
Single Family
3,120
Multi-Family
98
Businesses
372
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Nearby investment properties with comparable prices
Listed by: Janet Stuart • Coldwell Banker Realty
Mls Name: CCIMLS
Mls ID: #22503962