108 Phillips AveNew BedfordMA02746
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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 108 Phillips Ave, New Bedford, MA, 02746 earns from $2,723/mo rent with a $3,327/mo payment. Total monthly income totals $2,723/mo. ROI tracks 11.68% on current figures, and rental yield reads 4.81% at a $679,800 purchase. Equity gained on principal adds $4,387/yr, and 5% annual appreciation supports $187,816 over five years. Five-year ROI reaches 58.85% and total cumulative return in cash sums $131,614. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,723/mo property income instead of your personal income.
Multi Family
Built in 1903
4,513 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02746, New Bedford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,613 (100%) |
| Owner Occupied HU | 1,476 (19.4%) |
| Renter Occupied HU | 5,675 (74.5%) |
| Vacant Housing Units | 462 ( 6.1%) |
| Median Home Value | $332,218 |
| Average Home Value | $328,147 |
Housing Distribution
Address Breakdown
Residential
6,007
Single Family
4,020
Multi-Family
1,987
Businesses
578
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Listed by: Jacob Galary • LPT Realty - Home & Key Group
Mls Name: MLS PIN
Mls ID: #73457518