138 Willis StNew BedfordMA02740
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 138 Willis St, New Bedford, MA, 02740 uses $145,827 cash to close to unlock $8,406/yr annual cash flow and $700/mo monthly cash flow. Total monthly income runs $3,473/mo, and a $2,153/mo payment keeps the spread at $700/mo. Purchase price stands at $439,900, and rental yield measures 9.47% with $3,473/mo rent. Return on cash invested shows 25.67% in year one, and 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 133.91% and total cumulative return in cash records $195,279. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,473/mo property income covering a $2,153/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2,788 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02740, New Bedford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,079 (100%) |
| Owner Occupied HU | 7,962 (37.8%) |
| Renter Occupied HU | 11,861 (56.3%) |
| Vacant Housing Units | 1,256 ( 6.0%) |
| Median Home Value | $374,976 |
| Average Home Value | $421,127 |
Housing Distribution
Address Breakdown
Residential
16,625
Single Family
12,919
Multi-Family
3,706
Businesses
1,302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Team ROSO • RE/MAX Vantage
Mls Name: MLS PIN
Mls ID: #73463498