68 Pond View Drive Oak Bluffs — Photo 1 of 6
$975,000
Investment Analysis — 68 Pond View Drive
Oak Bluffs, MA 02557 — Oak Bluffs
Based on HUD Small Area Fair Market Rent for Dukes County, MA, a home in 02557 carries an estimated $1,750/mo in gross rent — about a 1.29% cap rate and $12,600/yr in estimated NOI at the $975,000 list price. Adjust every assumption in the calculator below.
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Create your ideal island retreat on this exceptional 1.068-acre parcel in Oak Bluffs. This desirable homesite comes with approved plans for a six-bedroom septic system, saving valuable time and expense as you begin the building process. The property also includes a topographic/boundary survey and soil test, providing a strong foundation for planning and development. Subject to the Town of Oak Bluffs' zoning regulations and permitting requirements, the property offers the potential for a main residence and a guest house, with a combined maximum of six bedrooms. Whether you're envisioning a year-round residence, a seasonal getaway, or an investment property, this parcel presents an outstanding opportunity to build in one of Martha's Vineyard's most sought-after communities.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
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Public Transportation • Shopping • Walk/Jog Trails • Golf • Medical Facility • Public School
Geography
Listing Agent: Casandra Hyland
Listing Office: Sandpiper Realty, Inc.
MLS® Number: 73548450