1063 Westgate StNew 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 1063 Westgate St, New Bedford, MA, 02745 offers a 8.09% rental yield on a $474,900 purchase with $3,200/mo rent. Total monthly income registers $3,200/mo, and a $2,324/mo payment leaves $207/mo available for distribution. Annual cash flow reaches $2,486/yr on $157,429 to close, and return on cash invested stands at 21.49% in year one. Equity gained on principal adds $3,064/yr while 5% annual appreciation supports $131,206 over five years. Portfolio math shows five-year ROI at 111.48% and total cumulative return in cash at $175,499. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,200/mo property income against a $2,324/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
5,820 sqft 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: Alexander Malo • Wood Real Estate, Inc
Mls Name: MLS PIN
Mls ID: #73437836