7 Back StNantucketMA02554
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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 Nantucket at 7 Back St, Nantucket, MA, 02554 at $1,600,000 posts ROI 10.73% with from $5,920/mo rent. Total monthly income equals $5,920/mo. Return on cash invested measures 10.73% and rental yield reads 4.44% at the current $1,600,000. Equity gained on principal adds $10,325/yr, and 5% annual appreciation supports $442,051 by year five. Five-year ROI prints 53.67% and total cumulative return in cash totals $278,247. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,920/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
6,085 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02554, Nantucket, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,808 (100%) |
| Owner Occupied HU | 3,418 (26.7%) |
| Renter Occupied HU | 2,155 (16.8%) |
| Vacant Housing Units | 7,235 (56.5%) |
| Median Home Value | $1,340,198 |
| Average Home Value | $1,431,158 |
Housing Distribution
Address Breakdown
Residential
6,520
Single Family
6,463
Multi-Family
57
Businesses
763
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Listed by: Elizabeth Almodobar • BHHS Island Properties Nantucket
Mls Name: LINK
Mls ID: #92231
Disclaimer: All information provided is deemed reliable but is not guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.