61 Timber LaneWest WarehamMA02576
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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
Investment property for sale in West Wareham at 61 Timber Lane, West Wareham, MA, 02576 listed at $119,900 pairs $2,376/mo rent with a $587/mo payment to leave $899/mo cash flow. Total monthly income runs $2,376/mo, and annual cash flow reaches $10,790/yr on $39,747 cash to close. Return on cash invested measures 47.05% in year one, and rental yield registers 23.78% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 256.56% and total cumulative return in cash totals $101,976. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,376/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1972
N/A lot
$N/A/sqft
$721 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02576, West Wareham, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,971 (100%) |
| Owner Occupied HU | 1,568 (79.6%) |
| Renter Occupied HU | 253 (12.8%) |
| Vacant Housing Units | 150 ( 7.6%) |
| Median Home Value | $418,234 |
| Average Home Value | $433,565 |
Housing Distribution
Address Breakdown
Residential
1,801
Single Family
1,800
Multi-Family
1
Businesses
164
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Nearby investment properties with comparable prices
Listed by: Rick Ormon • McDevitt REALTORS
Mls Name: CCIMLS
Mls Provider:
Mls ID: #22501718
Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Cape Cod & Islands Multiple Listing Service, Inc. Detailed information about real estate listings held by brokerage firms other than CC&I Assoc. of REALTORS, Inc. includes the name of the listing company. Neither the listing company nor CC&I Assoc. of REALTORS, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. This site was last updated 2022-04-05 08:58:10 PDT. All properties are subject to prior sale, changes, or withdrawal. Copyright 2022 Cape Cod & Islands Multiple Listing Service, Inc. All rights reserved.