Investment Analysis — 251 Old Wharf Road #109

Dennis, MA 02369 — Chase's Ocean Grove

Based on HUD Small Area Fair Market Rent, a 2-bedroom in 02369 carries an estimated $1,350/mo in gross rent — about a 5.11% cap rate and $9,972/yr in estimated NOI at the $195,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

382

Style

Single Family

Built

1950

Escape to your own coastal getaway just steps from the stunning Nantucket Sound! 2 loft bedrooms, 1 with queen size beds and the other with full beds. Lovely porch to have your morning coffee and listen to the ocean. Fabulous deck with built in seating and a gorgeous view of the ocean. Unbeatable location near the water. Don't miss this incredible opportunity for a summer by the Sound! SEASONAL COTTAGE - MAY THROUGH SUNDAY AFTER COLUMBUS DAY

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: 191 sq ft (the lesser of 900 sq ft or half the 382 sq ft principal dwelling).

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 MLS and other third-party data may be inaccurate or out of date.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.