40 Glennon St, New Bedford, MA, 02745 | 4.67% 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 40 Glennon St, New Bedford, MA, 02745 with 5% annual appreciation on a $524,000 basis while $2,040/mo rent supports operations. 27% in year one. Equity gained on principal adds $3,381/yr, and five-year appreciation sums $144,772 alongside rental yield of 4.67%. Five-year ROI measures 56.65% and total cumulative return in cash totals $97,663. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,040/mo property income versus a $2,565/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in 1923

2,827 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