198 Arnold 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 198 Arnold St, New Bedford, MA, 02740 uses $109,362 cash to close to unlock $6,101/yr annual cash flow and $508/mo monthly cash flow. Total monthly income runs $2,588/mo, and a $1,615/mo payment keeps the spread at $508/mo. Purchase price stands at $329,900, and rental yield measures 9.41% with $2,588/mo rent. Return on cash invested shows 25.49% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 132.93% and total cumulative return in cash records $145,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,588/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1905
2,849 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: Zachary Midwood • Divine Real Estate, Inc.
Mls Name: MLS PIN
Mls ID: #73461062