1044 Victoria St APT B29New BedfordMA02745
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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 1044 Victoria St APT B29, New Bedford, MA, 02745 offers a 7.9% rental yield on a $435,500 purchase with $2,867/mo rent. Total monthly income registers $2,867/mo, and a $2,132/mo payment leaves $122/mo available for distribution. Annual cash flow reaches $1,460/yr on $144,368 to close, and return on cash invested stands at 20.92% in year one. Equity gained on principal adds $2,810/yr while 5% annual appreciation supports $120,321 over five years. Portfolio math shows five-year ROI at 108.42% and total cumulative return in cash at $156,517. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,867/mo property income against a $2,132/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2010
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02745, New Bedford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,386 (100%) |
| Owner Occupied HU | 6,399 (56.2%) |
| Renter Occupied HU | 4,581 (40.2%) |
| Vacant Housing Units | 406 ( 3.6%) |
| Median Home Value | $401,117 |
| Average Home Value | $447,924 |
Housing Distribution
Address Breakdown
Residential
10,121
Single Family
9,164
Multi-Family
957
Businesses
752
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Listed by: James Burgess • Burgess Realty Corp.
Mls Name: MLS PIN
Mls ID: #73399665