148 Myrtle St #3New 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
Rental property for sale in New Bedford at 148 Myrtle St #3, New Bedford, MA, 02746 priced at $209,000 converts $1,477/mo rent into after a $1,023/mo obligation. Total monthly income equals $1,477/mo. Return on cash invested prints 18.99% in year one, and rental yield reads 8.48% against a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation compiles into $57,743 by year five. Five-year ROI reaches 99.4% and total cumulative return in cash sums $68,870. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,477/mo property income covering a $1,023/mo payment, not borrower’s personal income.
Condo
Built in 1920
9,999 sqft lot
$N/A/sqft
$213 monthly 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: Gabriella Hanley • Gabriella Hanley
Mls Name: MLS PIN
Mls ID: #73311745
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