238 Harwich StNew BedfordMA02745
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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 238 Harwich St, New Bedford, MA, 02745 generates $3,064/mo in rent, after a $2,863/mo payment. Total monthly income is $3,064/mo. Return on cash invested sits at 16.18% in year one, and rental yield is 6.29% on a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 82.96% and total cumulative return in cash sums $159,666. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,064/mo property income rather than buyer’s personal income.
Multi Family
Built in 1923
3,319 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02745, New Bedford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,386 (100%) |
| Owner Occupied HU | 6,399 (56.2%) |
| Renter Occupied HU | 4,581 (40.2%) |
| Vacant Housing Units | 406 ( 3.6%) |
| Median Home Value | $401,117 |
| Average Home Value | $447,924 |
Housing Distribution
Address Breakdown
Residential
10,121
Single Family
9,164
Multi-Family
957
Businesses
752
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Listed by: Roberto Dias • Keller Williams South Watuppa
Mls Name: MLS PIN
Mls ID: #73410824