211 State St, New Bedford, MA, 02740 | 4.73% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,244/mo, and a $2,789/mo payment. Purchase price stands at $569,900, and rental yield measures 4.73% with $2,244/mo rent. Return on cash invested shows 11.44% in year one, and 5% annual appreciation builds toward $157,453 over five years. Five-year ROI reaches 57.53% and total cumulative return in cash records $107,874. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,244/mo property income covering a $2,789/mo payment rather than investor’s personal income.

Multi Family

Built in 1896

3,310 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