262-264 Cherry StFall RiverMA02720
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 262-264 Cherry St, Fall River, MA, 02720 in Fall River. Rental yield 3.34%. At $899,000 with 3.34% gross yield, current distributions are modest, but the 5% appreciation rate projects $248,377 in new equity by year five, complemented by $8,280/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.62) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $137,852.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.3% | 5.2% |
| Monthly Cash Flow | $(3,162) | $450 |
City averages based on Fall River market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,504 |
| Total Monthly Debt Service | $5,309 |
| DSCR Ratio | 0.47x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1925
9,326 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02720, Fall River, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,665 (100%) |
| Owner Occupied HU | 5,815 (39.7%) |
| Renter Occupied HU | 7,892 (53.8%) |
| Vacant Housing Units | 958 ( 6.5%) |
| Median Home Value | $449,136 |
| Average Home Value | $481,814 |
Housing Distribution
Address Breakdown
Residential
13,501
Single Family
10,023
Multi-Family
3,478
Businesses
1,002
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
Multi Family
Built in 1925
9,326 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02720, Fall River, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,665 (100%) |
| Owner Occupied HU | 5,815 (39.7%) |
| Renter Occupied HU | 7,892 (53.8%) |
| Vacant Housing Units | 958 ( 6.5%) |
| Median Home Value | $449,136 |
| Average Home Value | $481,814 |
Housing Distribution
Address Breakdown
Residential
13,501
Single Family
10,023
Multi-Family
3,478
Businesses
1,002
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Mongeon • Peak Real Estate
Mls Name: MLS PIN
Mls ID: #73340007
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.