398 Union 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
Investment property for sale in New Bedford at 398 Union St, New Bedford, MA, 02740 with 5% annual appreciation on a $549,000 basis while $4,130/mo rent supports operations. Total monthly income totals $4,130/mo and a $2,687/mo payment preserves $670/mo for cash returns. Annual cash flow comes to $8,038/yr on $180,621 deployed, and return on cash invested reaches 24.51% in year one. Equity gained on principal adds $3,543/yr, and five-year appreciation sums $151,679 alongside rental yield of 9.03%. Five-year ROI measures 127.63% and total cumulative return in cash totals $230,528.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,130/mo property income versus a $2,687/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1891
3,690 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: Daisy De La Rosa • Keller Williams Realty
Mls Name: MLS PIN
Mls ID: #73442569