Investment Analysis — 466 Old Mill Rd

Barnstable, MA 02655 — Osterville

Based on HUD Small Area Fair Market Rent for Barnstable Town, MA MSA, a 2-bedroom in 02655 carries an estimated $2,580/mo in gross rent — about a 2.51% cap rate and $21,296/yr in estimated NOI at the $849,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,055

Style

Single Family

Built

1955

Set on a wooded half-acre lot in Osterville, this 2-bedroom, 1.5-bath ranch offers comfortable one-level living and a peaceful connection to the outdoors. Hardwood floors and natural light brighten the living spaces, while a large bay window makes the room currently used as an office an inviting place to work or unwind. The kitchen opens to the dining area, and a patio provides a spot to relax beneath the trees. Enjoy the spacious, level backyard with room to garden or gather around a fire. The seller has cleared underbrush from the rear of the lot and obtained a mortgage inspection plan and lot survey while exploring the potential for an ADU; buyers should verify feasibility and permitting with the town. A full basement, storage shed, gas heat, town water, and a paved driveway with parking for three complete the property. Convenient to Osterville’s shops, beaches, golf, and walking trails.

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: 528 sq ft (the lesser of 900 sq ft or half the 1,055 sq ft principal dwelling). Lot size: 21,780 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.