1 Norton CtNew BedfordMA02740
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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 New Bedford at 1 Norton Ct, New Bedford, MA, 02740 listed at $314,900 pairs $2,446/mo rent with a $1,541/mo payment to leave $462/mo cash flow. Total monthly income runs $2,446/mo, and annual cash flow reaches $5,538/yr on $104,389 cash to close. Return on cash invested measures 25.21% in year one, and rental yield registers 9.32% at a $314,900 basis. Equity gained on principal adds $2,032/yr, and annual property appreciation at 5% supports $87,001 by year five. Five-year ROI tracks 131.46% and total cumulative return in cash totals $137,230. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,446/mo property income relative to a $1,541/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1896
1,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02740, New Bedford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,079 (100%) |
| Owner Occupied HU | 7,962 (37.8%) |
| Renter Occupied HU | 11,861 (56.3%) |
| Vacant Housing Units | 1,256 ( 6.0%) |
| Median Home Value | $374,976 |
| Average Home Value | $421,127 |
Housing Distribution
Address Breakdown
Residential
16,625
Single Family
12,919
Multi-Family
3,706
Businesses
1,302
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Listed by: Phil and Debbie Rose • LAER Realty Partners / Rose Homes & Real Estate
Mls Name: MLS PIN
Mls ID: #73422972