45 State 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 45 State St, New Bedford, MA, 02740 priced at $659,999 pairs $2,941/mo rent with after a $3,230/mo payment. Total monthly income equals $2,941/mo. Return on cash invested is 13.33% in year one, and rental yield stands at 5.35% on a $659,999 basis. Equity gained on principal adds $4,259/yr, and 5% annual appreciation accumulates to $182,346 by year five. Five-year ROI measures 67.66% and total cumulative return in cash reaches $146,925. For financing, Ziffy Mortgage’s DSCR program evaluates $2,941/mo property income against a $3,230/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1902
3,337 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: Farzad Abdi • Venture
Mls Name: MLS PIN
Mls ID: #73438189