1045 Forbes StNew BedfordMA02745
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1045 Forbes St, New Bedford, MA, 02745 earns $208/mo cash flow from $3,170/mo rent with a $2,300/mo payment. Total monthly income totals $3,170/mo, and annual cash flow totals $2,499/yr on $155,772 capital. ROI tracks 21.51% on current figures, and rental yield reads 8.1% at a $469,900 purchase. Equity gained on principal adds $3,032/yr, and 5% annual appreciation supports $129,825 over five years. Five-year ROI reaches 111.62% and total cumulative return in cash sums $173,870. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,170/mo property income instead of your personal income.
Single Family
Built in 1953
1.17 Acres 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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Nearby investment properties with comparable prices
Listed by: Team ROSO • RE/MAX Vantage
Mls Name: MLS PIN
Mls ID: #73433691