303 Cummington StNew BedfordMA02745
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
Investment Highlights
Investment property for sale in New Bedford at 303 Cummington St, New Bedford, MA, 02745 at $399,000 posts ROI 20.9% with $109/mo cash flow from $2,624/mo rent. Total monthly income equals $2,624/mo, and annual cash flow records $1,309/yr on $132,269 to close. Return on cash invested measures 20.9% and rental yield reads 7.89% at the current $399,000. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 by year five. Five-year ROI prints 108.33% and total cumulative return in cash totals $143,282.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,624/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
5,750 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nona Sbordone • Anne Whiting Real Estate
Mls Name: MLS PIN
Mls ID: #73466102