3 Canterberry StNew 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 3 Canterberry St, New Bedford, MA, 02746 generates $2,914/mo in rent, after a $2,393/mo payment. Total monthly income is $2,914/mo. Return on cash invested sits at 18.67% in year one, and rental yield is 7.15% on a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation builds toward $135,102 over five years. Five-year ROI reaches 96.35% and total cumulative return in cash sums $156,190. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,914/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
5,597 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: Maurino Isidoro • Berkshire Hathaway HomeServices Robert Paul Properties
Mls Name: MLS PIN
Mls ID: #73420859