402 Cottage 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 402 Cottage St, New Bedford, MA, 02740 generates $5,280/mo in rent and, after a $2,808/mo payment, leaves $1,664/mo in cash flow. Total monthly income is $5,280/mo, and annual cash flow is $19,968/yr on $188,747 invested. Return on cash invested sits at 30.64% in year one, and rental yield is 11.04% on a $573,700 entry. Equity gained on principal adds $3,702/yr, while 5% annual appreciation builds toward $158,503 over five years. Five-year ROI reaches 160.52% and total cumulative return in cash sums $302,987. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,280/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
4,289 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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