104 Choate St APT 3Fall RiverMA02723
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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
Rental property for sale in Fall River at 104 Choate St APT 3, Fall River, MA, 02723 offers $1,691/mo rent that, after a $857/mo payment, leaves $103/mo cash flow. Total monthly income is $1,691/mo, and annual cash flow is $1,230/yr on $58,013 cash. Return on cash invested measures 22.03% in year one, and rental yield stands at 11.6% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 118.02% and total cumulative return in cash reaches $68,467. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,691/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
$485 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02723, Fall River, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,898 (100%) |
| Owner Occupied HU | 2,070 (26.2%) |
| Renter Occupied HU | 5,243 (66.4%) |
| Vacant Housing Units | 585 ( 7.4%) |
| Median Home Value | $388,732 |
| Average Home Value | $399,934 |
Housing Distribution
Address Breakdown
Residential
6,949
Single Family
4,842
Multi-Family
2,107
Businesses
486
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Listed by: Kyle Seyboth • Century 21 The Seyboth Team
Mls Name: MLS PIN
Mls ID: #73322817
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