289 King Philip StFall RiverMA02724
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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 Fall River at 289 King Philip St, Fall River, MA, 02724 uses $116,025 cash to close to unlock $8,353/yr annual cash flow and $696/mo monthly cash flow. Total monthly income runs $2,902/mo, and a $1,713/mo payment keeps the spread at $696/mo. Purchase price stands at $349,999, and rental yield measures 9.95% with $2,902/mo rent. Return on cash invested shows 27.11% in year one, and 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 141.63% and total cumulative return in cash records $164,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,902/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 02724, Fall River, MA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,291 (100%) |
| Owner Occupied HU | 2,913 (31.4%) |
| Renter Occupied HU | 5,681 (61.1%) |
| Vacant Housing Units | 697 ( 7.5%) |
| Median Home Value | $479,623 |
| Average Home Value | $511,620 |
Housing Distribution
Address Breakdown
Residential
7,466
Single Family
5,311
Multi-Family
2,155
Businesses
362
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Listed by: Shay Vaezzadeh • Eagle Eye Realty PLCC
Mls Name: MLS PIN
Mls ID: #73423445