342 Hathaway Blvd APT 37New BedfordMA02740
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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 New Bedford at 342 Hathaway Blvd APT 37, New Bedford, MA, 02740 offers a 12.5% rental yield on a $230,000 purchase with $2,396/mo rent. Total monthly income registers $2,396/mo, and a $1,126/mo payment leaves $666/mo available for distribution. Annual cash flow reaches $7,993/yr on $76,245 to close, and return on cash invested stands at 30.39% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 160.86% and total cumulative return in cash at $122,647. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,396/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1988
N/A lot
$N/A/sqft
$280 monthly 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 |
Housing Distribution
Address Breakdown
Residential
16,625
Single Family
12,919
Multi-Family
3,706
Businesses
1,302
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Listed by: Martin Correia • ERA The Castelo Group
Mls Name: MLS PIN
Mls ID: #73282154
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