348 North StNew 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
Rental property for sale in New Bedford at 348 North St, New Bedford, MA, 02740 priced at $447,700 converts $2,563/mo rent into after a $2,191/mo obligation. Total monthly income equals $2,563/mo. Return on cash invested prints 17.82% in year one, and rental yield reads 6.87% against a $447,700 entry. Equity gained on principal adds $2,889/yr, while 5% annual appreciation compiles into $123,691 by year five. Five-year ROI reaches 91.8% and total cumulative return in cash sums $136,240. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,563/mo property income covering a $2,191/mo payment, not borrower’s personal income.
Multi Family
Built in 1886
3,899 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 |
Housing Distribution
Address Breakdown
Residential
16,625
Single Family
12,919
Multi-Family
3,706
Businesses
1,302
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Listed by: Rose Vieira • Home Bound Realty
Mls Name: MLS PIN
Mls ID: #73400296