287 Coffin AveNew BedfordMA02746
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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 287 Coffin Ave, New Bedford, MA, 02746 priced at $765,000 pairs $2,506/mo rent with after a $3,744/mo payment. Total monthly income equals $2,506/mo. Return on cash invested is 9.02% in year one, and rental yield stands at 3.93% on a $765,000 basis. Equity gained on principal adds $4,936/yr, and 5% annual appreciation accumulates to $211,355 by year five. Five-year ROI measures 44.57% and total cumulative return in cash reaches $112,175. For financing, Ziffy Mortgage’s DSCR program evaluates $2,506/mo property income against a $3,744/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1908
4,866 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02746, New Bedford, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,613 (100%) |
| Owner Occupied HU | 1,476 (19.4%) |
| Renter Occupied HU | 5,675 (74.5%) |
| Vacant Housing Units | 462 ( 6.1%) |
| Median Home Value | $332,218 |
| Average Home Value | $328,147 |
Housing Distribution
Address Breakdown
Residential
6,007
Single Family
4,020
Multi-Family
1,987
Businesses
578
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Listed by: Lori A. Nery • Coastal Realty
Mls Name: MLS PIN
Mls ID: #73459221