216 State 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 216 State St, New Bedford, MA, 02740 with 5% annual appreciation on a $269,999 basis while $1,915/mo rent supports operations. Total monthly income totals $1,915/mo and a $1,322/mo payment preserves $213/mo for cash returns. Annual cash flow comes to $2,553/yr on $89,505 deployed, and return on cash invested reaches 22.76% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,596 alongside rental yield of 8.51%. Five-year ROI measures 118.29% and total cumulative return in cash totals $105,877.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,915/mo property income versus a $1,322/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1893
1,564 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: Josiah Cordero • RE/MAX Vantage
Mls Name: MLS PIN
Mls ID: #73418950