212 North StNew BedfordMA02740
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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 212 North St, New Bedford, MA, 02740 uses $174,238 cash to close to unlock $23,306/yr annual cash flow and $1,942/mo monthly cash flow. Total monthly income runs $5,280/mo, and a $2,592/mo payment keeps the spread at $1,942/mo. Purchase price stands at $529,600, and rental yield measures 11.96% with $5,280/mo rent. Return on cash invested shows 33.44% in year one, and 5% annual appreciation builds toward $146,319 over five years. Five-year ROI reaches 175.52% and total cumulative return in cash records $305,821. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,280/mo property income covering a $2,592/mo payment rather than investor’s personal income.
Multi Family
Built in 1892
4,356 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
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Listed by: N/A • N/A
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