46 Lake Shore Dr Falmouth — Photo 1 of 27
$599,000
Investment Analysis — 46 Lake Shore Dr
Falmouth, MA 02536
Based on HUD Small Area Fair Market Rent for Barnstable Town, MA MSA, a 3-bedroom in 02536 carries an estimated $3,090/mo in gross rent — about a 4.33% cap rate and $25,955/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
930
Style
Single Family
Built
1960
Welcome to this charming, beautifully renovated 3 bed 1 bath ranch. Ideally situated in a coveted lake community, with access to a private neighborhood beach on Jenkins Pond, known for being one of the cleanest spring fed ponds on the Cape. With pleasant sandy beaches, it is a great spot for kayaking, swimming or relaxing. The home is set on a peaceful, private and serene lot. With a deck at the front and a patio at the back, there is ample space to enjoy your slice of tranquility. Inside, the refreshed interior features a comfortable, open layout designed for both everyday living and entertaining. The renovated kitchen flows naturally into the main living areas, where updated finishes, abundant natural light, and a warm, welcoming feel make the home easy to enjoy from the moment you arrive.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 465 sq ft (the lesser of 900 sq ft or half the 930 sq ft principal dwelling). Lot size: 12,402 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Patrick Davison
Listing Office: Proactive Realty
MLS® Number: 73568770