311 Purchase St, New Bedford, MA, 02740 | 6.35% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New Bedford at 311 Purchase St, New Bedford, MA, 02740 earns from $2,959/mo rent with a $2,736/mo payment. Total monthly income totals $2,959/mo. ROI tracks 16.38% on current figures, and rental yield reads 6.35% at a $559,000 purchase. Equity gained on principal adds $3,607/yr, and 5% annual appreciation supports $154,441 over five years. Five-year ROI reaches 84.04% and total cumulative return in cash sums $154,551. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,959/mo property income instead of your personal income.

Multi Family

Built in 1886

2,465 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 02740, New Bedford, MA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,079 (100%)
Owner Occupied HU	7,962 (37.8%)
Renter Occupied HU	11,861 (56.3%)
Vacant Housing Units	1,256 ( 6.0%)
Median Home Value	$374,976
Average Home Value	$421,127